Sentences with phrase «purchase money loan»

These include essentially eliminating risk - layering on purchase money loans, requiring income documentation to avoid «low - doc» or «no - doc» lending, and requiring income verification.

Seller financed mortgages and alternative purchase money loans may have higher interest rates, so verify the affordability before making a commitment.

Home loan interest rates will continue to trend upwards though lenders are expected to loosen their qualification requirement as they focus on purchase money loans as refinancing drying up.

Purchase money loans secured by real property in California carry no personal liability.

Interestingly, our Investor / Non-owner Rate did not go up; our 75 % LTV Purchase Money Loan Rate for Investors remains at 5.375 % at a cost of one point.

Consider mortgage rate locks for VA streamline, rate and term, cash out or purchase money loans.

While most home mortgages are do not fall into this category, purchase money loans on a person's residence are nonrecourse in some states.

We offer hard money loans, lines of credit, construction / rehab loans and purchase money loans.

If the purchase money loan for any type of real property is financed by the seller and secured by that same property, the lender / seller may not obtain a deficiency judgment against the defaulting borrower / buyer..

He needed a purchase money loan and he needed it now!

For certain distinctions, like paying higher basis points for purchase money loans than refinancings, it is very unlikely a loan originator could steer a potential borrower between one or the other, so the new rule would likely permit it.