Radian Timely Topics : Construction-to-Permanent Loans: How Can Radian Help?
We are often asked how mortgage insurance can support Construction-to-Permanent transactions. Radian Guaranty Inc. can help lower the risk for lenders making these types of loans, thereby helping potential borrowers qualify on a new construction property.
This short video reviews how Radian supports these loans, including:
• Differences in the Construction-to-Permanent loan and MI process
• Activating MI and changing the terms of the Construction-to-Permanent loan
• Supportive MI premium plans for different construction loan scenarios
• When to use a standard 120-day commitment vs a 12-month construction commitment
• Guidelines to help with a smooth conversion to a permanent loan
Construction-to-Permanent Loans: What You Need to Know - https://videos.radian.com/watch/FUGr8tjNxbvbHVfjjQdxkv?