Sentences with phrase «certain safer loans»
Not exact matches
On paper, this rule is designed to encourage «safer» lending practices by prohibiting certain «risky» loan features.
http://www.homebuyinginstitute.com/
Certain Items Remain Safe — Medical expense deduction — Student loan interest — Tax - free graduate school tuition waivers
On paper, this rule is designed to encourage «safer» lending practices by prohibiting certain «risky» loan features.
The VA insured mortgage program offers zero money down requirements, relaxed underwriting standards, non-established credit scores, assumable loans and property requirements that make certain that potential residences are safe and habitable.
When a VA, Farmers Home Administration (FmHA), or FHA loan is used, frame houses are inspected and certain repairs are sometimes required to make them viable for lenders and safe for buyers.
The SAFE Act imposes a licensing requirement (a residential mortgage loan origination license or «RMLO») on certain types of owner financing extended by persons who are regularly engaged in selling owner - financed residences.
The organization notes that provisions structuring the «qualified mortgage» standard as a legal safe harbor and treating certain balloon - payment loans as qualified mortgages will help Main Street lenders continue providing mortgage credit to meet the needs of their customers and communities.