Sentences with phrase «non-recourse loan featured»
The quasi portfolio / institutional non-recourse loan featured a fixed 6.13 percent interest rate, a 10 - year term and a 25 - year amortization schedule.
http://www.nreionline.com/
The non-recourse loan features a fixed 5.09 percent interest rate and a 10 - year term...
Not exact matches
Basically, when a Reverse Mortgage loan was deemed as due and payable because of a «Maturity Event», the Non-Recourse feature was in place no matter what the heirs chose to do with the property.
The three - year, non-recourse, interest - only loan features a floating LIBOR - based interest rate and a one - year extension option.
An important feature of the loan is that because a reverse mortgage is a non-recourse loan, the home is the only collateral that the lender may access to pay off the loan balance.
With a focus on providing highly competitive loan products, Freddie Mac is attracting borrowers with non-recourse terms, longer fixed - rates and more flexible prepayment options — all features that are highly desirable to borrowers in today's lending environment.