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#513061 - 03/13/06 04:30 PM HMDA -- Refi or Purchase
Georgia Golfer Offline
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Georgia Golfer
Joined: Jun 2003
Posts: 415
1st Tee
It's Monday & my first HMDA review of the year. A loan to pay off a lot loan plus put a mobile home on the property. The lot loan is not with us.

I think this will be a purchase loan since our loan will be secured by the dwelling that is permanantly attached. IS that right?

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#513062 - 03/13/06 04:40 PM Re: HMDA -- Refi or Purchase
hmdagal Offline
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Joined: Dec 2002
Posts: 3,824
Are they buying the mobile home? If so, it would be a purchase.

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