Who can be on the mortgage title?
Saturday, 02 February 2013
by The Kevin Toll Group
Mortgages may be like a foreign language to you…the following is a refresher guide to borrower/title relationships allowed for conventional, FHA and VA loans. CONVENTIONAL: · There does not need to be any relationship between occupant borrowers on a loan. · A person may be on the title without being a borrower on the loan.
- Published in Home Buyers
Minimum Down Payment, Maximum Sellers Assist Series 4 of 5: VA Loans
Tuesday, 10 May 2011
by The Kevin Toll Group
VA LOANS (VETERANS ADMINSTRATION) VA loans (for 1 to 4 unit residential owner occupied properties) are underwritten and originated to VA criteria and are guaranteed by VA for borrowers who are eligible thru military service. A certificate of eligibility is issued by VA indicating the amount of VA guarantee. The percentage of the loan that
- Published in Home Buyers
Who can be on the title-refresher?
Tuesday, 12 April 2011
by The Kevin Toll Group
The following is a guide for borrower/title relationships allowed for conventional, FHA and VA loans. CONVENTIONAL Loans: • There does not need to be any relationship between occupant borrowers on a loan. • A person may be in title without being a borrower on the loan. • There should be a documentable relationship between borrower
- Published in Uncategorized