Greg Carter's (gcar1ter) Blog

  203(K) Consultant Process 1.General contractor certification      Process acknowledgement form 2.First borrower / consultant property visit      Homeowner / Contractor agreement 3.Property Inspection 3-4 Hours 4.Preliminary Work Write-up (specification of repairs)      Emailed to the borrower w...

203(k) - How It Is Different Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value of the property provide adequate loan security. When rehabilitation is involved, this m...