Sentences with phrase «additional subordinate loans»
Not exact matches
A cash - out refinance differs from a home equity loan because a refinance replaces the current loan with a larger one, where a home equity loan is an additional loan (subordinate to your first mortgage).
http://www.centralcoastlending.com/
The lien can be left unpaid and it will automatically subordinate to the new FHA loan without the need of additional paperwork.
Users that create Subordinated Loan Agreement sometimes need additional documents.
Indeed, the more intense focus on loans is giving subordinated debt lenders more financing opportunities as the need for additional capital grows among borrowers.