#2: Link Loans Must be Backed by Equity Just as a mortgage try supported by the house you to you purchase toward currency, link finance must be supported by collateral to safeguard the latest lender’s position. For the a property, the preferred source of guarantee ‘s the consumer’s existing house. Such as for example, if …
36(g) Term and you can NMLSR ID to the Financing Data 3. Papers. Samples of paperwork that demonstrate a customers has had the new counseling required significantly less than (k) include a certificate out-of guidance, page, or email address out of an excellent HUD-formal otherwise -recognized guidance agencies or guidance company demonstrating that the individual …
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