Investor's Loan Guide by Graham W. Parham

Getting Started with Investment Property Lending
So you choose to buy an investment property to enhance your overall
retirement portfolio. Once you have decided on what type of investment
property, now it’s time to get your financing in place. Whether you are a firsttime
investor or a seasoned landlord, the mortgage process can seem a bit
daunting with many lenders. At The Parham Team, we strive to provide you
with the most upfront information required to make the best choice for your
lending needs.
Since the mortgage meltdown of 2008, many lenders have closed their
doors because of the demands that are required from loan originators.
Lenders have found that delivering loans in today’s secondary market can be
very difficult and quite costly. Many lenders have created their own set of
guideline overlays for their non-owner occupied loans which makes it very
difficult to obtain loans with their firm.
The Application
The first step in the loan process is for me to
obtain a loan application from you. Many of our
investors choose to use the online application
which is safe and secure. Others may choose to
have the application information taken over the
phone.
The Documentation Stage
Once we receive the application, our team will reach out to the borrower
to verify accuracy and to discuss all phases of the transaction. We will provide
each borrower their own unique documentation list that is required for
underwriting purposes. The list will be sent via email. We recognize in today’s
world that borrowers are looking for a safe and secure environment to provide
their private information. We understand this at The Parham Team. You can
scan and email the documentation, fax all the documentation to our safe and
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