Sentences with phrase «type of interest rate lock»
Type of interest rate lock that may only be used for properties under construction or rehabilitation as of the SONYMA loan application date.
http://www.nyshcr.org/
Type of interest rate lock that must be used for all Existing Housing and completed new construction or rehabilitation properties.
Not exact matches
The first step is to choose the type of interest rate you want to lock in.
Because the money is locked away, this type of credit - builder loan is considered a secured loan and typically comes with a lower interest rate than an unsecured loan.
Closing Costs Guaranteed means that AHC Lending's Processing and Underwriting fees (if applicable) for your loan application will not change between the time your rate is locked and the time you close, assuming the following: No change in your loan amount, property value, property type, occupancy purpose, interest rate, lender credit or discount points, credit rating, any stated items on your application, such as your income, assets, job history, address history, legal residency status, or any other factor that may affect the underwriting decision of the loan you applied for do not change.
The interest rate on this type of mortgage is locked in for the term.