Sentences with phrase «structured as a second mortgage»

Not exact matches

A home equity loan is secured by the equity you have built up in your home and can be structured as either a revolving line of credit or a second mortgage.

CPLP assistance is structured as a 0 % interest, deferred, second mortgage.

This loan structure employs a conventional loan as the first mortgage, and a simultaneous second mortgage.

For example, a 90 % loan - to - value purchase of a $ 700,000 home can be structured as a $ 560,000 first mortgage and a $ 70,000 second mortgage.