Not exact matches
Like other
PACE loans, the
loan is repaid as part of property taxes on the site and if the property is sold the
loan transfers to the new owner, requiring no pay - off upon
sale.
«As home
sales increase to a
pace we haven't seen in nearly a decade, one thing is clear — there is still a strong appetite for homebuying,» says Quicken
Loans vice president Bill Banfield.
«
PACE programs are not concerned about the borrower's credit scores or employment history, making financing easier to obtain and less time consuming,» explains Schaefer, «but these
loans are also unfairly expensive, and are often sold by high - pressure door - to - door
sales people.