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#1028042 - 08/26/08 03:02 PM 1st Lien Purchase Money Mortgage Index
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,351
Other than for a HELOC, can the bank tie a floating rate for an in-house first lien purchase money variable rate loan to its own prime (or base) rate?
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Lending Compliance
#1028134 - 08/26/08 03:33 PM Re: 1st Lien Purchase Money Mortgage Index swiggles
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Yes.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1028303 - 08/26/08 04:51 PM Re: 1st Lien Purchase Money Mortgage Index Dan Persfull
swiggles Offline
Power Poster
swiggles
Joined: Aug 2001
Posts: 7,351
Good......'cause we do.

I browsed Reg Z, but couldn't find anything.....was still nervous about it, though.

Thanx, Dan.
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