Most Popular Lending Content
Balloon Mortgage Terms
10/06/2003
An individual wants to purchase a house for investment purposes. Can we give a balloon mortgage with a floating rate? Also can we impose a prepayment clause?
CIP & Purchased Loans -- Primary Payment Systems, Inc.
10/06/2003
How does CIP affect loans purchased from other banks?
CIP and Business Loans
10/06/2003
If a partnership or a corporation wants a loan, do we identify all the owners or just whoever is in control of the account. For example, If an individual owns 50% of the business and has different partners that own 10%, when applying for the loan do we collect information on everybody or just on the individual that owns 50%?
RESPA and a Construction Loan
10/06/2003
If an individual gets a construction loan in their personal name, are RESPA disclosures required? There is a commitment letter from the permanent lender.
CIP and Guarantors
10/06/2003
Should CIP procedures apply to guarantors of loans or only to co-borrowers?