private educ. loans/mortgages apply? HELP

Posted By: Trees

private educ. loans/mortgages apply? HELP - 02/28/11 03:45 PM

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??
Posted By: Kathleen O. Blanchard

Re: private educ. loans/mortgages apply? HELP - 02/28/11 03:47 PM

Correct. Your loan was exempt because it was real estate secured.