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Updated over 3 years ago on . Most recent reply

User Stats

12
Posts
1
Votes
Lupe Arredondo
  • Contractor
  • Garden Grove, CA
1
Votes |
12
Posts

Loan Bio

Lupe Arredondo
  • Contractor
  • Garden Grove, CA
Posted

My name is Lupe and I kinda left scratching my head trying to find out what is a "loan bio"

I am in the process of doing a cash out refinancing on one of my properties. One of the conditions I have to meet is to provide a loan bio. I asked my lender what a "loan bio" was. He just told me to google it. Not much help there. I pasted the condition below.

"7. We need a ‘Loan Bio' for Subject Property (This should be a detailed itemization about the property's back yard, T-Pole in the backyard, kitchen appliances, lighting fixtures in all rooms, etc.)"

Does anyone know what he means?  

Most Popular Reply

User Stats

107
Posts
22
Votes
Leo Don
  • New Haven, CT
22
Votes |
107
Posts
Leo Don
  • New Haven, CT
Replied

change your lender..why give them business if they are telling you to google important things? There is plenty of lenders that will go above and beyond for your business.

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