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| Purchase |
| Refinance |
| Debt Consolidation/Cash Out |
| Investment/Second or Vacation Home |
| Restoration/Improvement |
| One Time Close Construction Perm |
| No Money Down |
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Purchase
The process of acquiring a home.
Term: 40 years
Maximum Amount: $6,000,000
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Refinance
The repayment of a mortgage with another mortgage. Homeowners typically refinance to take advantage of lower interest rates or to transform equity into cash.
Term: 40 years
Maximum Amount: $6,000,000
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Debt Consolidation/Cash Out
The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. Or by drawing equity out of the property in order to receive cash out of the transaction
Term: 40 years
Maximum Amount: $6,000,000
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Investment/Second or Vacation Home
A property which is used for rental purposes or bought to renovate and re-sale to gain a profit is considered investment property. Second or Vacation Home is used for personal use only and not as rental property.
Term: 40 years
Maximum Amount: $6,000,000
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Restoration/Improvement
A loan program which is used to do physical improvements to a property either for cosmetic purposes, additions or repairs that may be needed.
Term: 40 years
Maximum Amount: $6,000,000
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One Time Close Construction Perm
A mortgage loan which is closed before any form of construction is performed. Once the loan closes, construction can begin.
Term: 40 years
Maximum Amount: $6,000,000
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No Money Down
The purchase of home when you finance the entire amount of the purchase and are not required to put any money down. (Some closing cost may apply)
Term: 40 years
Maximum Amount: $6,000,000
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