Unsecured note for the purchase of a 2nd home and the renovations of that purchased home. The term is 17 months and the repayment source is bonus income. I am thinking that this is short term and that it is reportable as a Home Improvement loan. What say the gallery?
On the HMDA Overhaul, I am thinking this would not be reportable at all as it is not secured by a dwelling. Would that be an accurate assessment as well?
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