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#1515301 - 02/28/11 03:45 PM private educ. loans/mortgages apply? HELP
Trees Offline
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Joined: Apr 2005
Posts: 4,013
Just checking. We had granted a mortgage loan where part of the proceeds were to be used for educ. expenses (post secondary). After reading my docs. I feel that we did not have to go through the private ed. loan docs. as the loan is closed -end real estate secured. Right??

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#1515303 - 02/28/11 03:47 PM Re: private educ. loans/mortgages apply? HELP Trees
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,281
Correct. Your loan was exempt because it was real estate secured.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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