1. Why should I get a fix and flip loan instead of a 30 year, fixed-rate loan?

2. What are the downpayment requirements?

3. What are the rates/fees/terms?

4. Are there any prepayment penalties on the loan?

5. How does MMTC compare to “hard money” lenders?

6. How quickly can we close?

7. Do you do “stated income” loans?

8. Do you allow properties to be titled in entity names, such as limited liability companies, partnerships, corporations, etc.?

9. What if I plan to fix-and-hold the property versus fix-and-flip?

10. Do you allow double closings?

11. May I complete work to the property myself or does it have to be contracted?

12. What type of appraisal is done on the property?

13. Do you require a particular type of hazard insurance?

14. I haven’t located a property yet, but can I get preapproved, to know if I will qualify?

15. How does the improvement escrow money you are lending work?

16. What do I need to qualify? How do I apply?