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Liam McLaughlin's profile image
  • Property Manager
  • from Pittsburgh, PA
  • Member since Oct 3, 2017

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Liam McLaughlin's profile image
  • Property Manager
  • from Pittsburgh, PA
  • Member since Oct 3, 2017
Liam McLaughlin
  • Property Manager
  • Pittsburgh, PA
0
Votes |
4
Posts

Using an RMLO with owner financing

Liam McLaughlin
  • Property Manager
  • Pittsburgh, PA
Posted Jun 28 2018, 17:47

Hey everyone,

So I'm looking to buy a house and resell it via owner financing; from what I've read and researched it seems like a smarter decision than renting it out. Now, it seems smart to hire an RMLO to originate the loan, but I just want to know, how does that work?

Do I just send in the mortgage applications to the RMLO, and they take it from there? Can I just do this with any mortgage officer? I keep seeing people talking about hiring an RMLO, but they do not go into the logistics. 

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