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[DOC File]Consumer Hotline/Refinance Options – Lenders
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For example, Cathy McNamara's case is typical of the many people we help. Cathy's monthly house payment was at a level she was comfortable maintaining. She called after noticing that mortgage rates were lower and asked if it would make sense for her to refinance. Cathy is a school teacher and is paid 10 months out of the year.
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[DOC File]LHAP Template Plan Text
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Jun 03, 2020 · Interest Rate: 0%. Years in loan term: a. Ten (10) years. Forgiveness: a. Ten (10) year loans are forgiven with ten percent (10%) of the. mortgage forgiven each year over the ten (10) year period. Repayment: Required in full when one of the following conditions is met during the term of the note only…
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6001.NR - Fannie Mae
Consecutive monthly debt service installments (comprised of either interest only or principal and interest, depending on the Amortization Type), each in the amount of the applicable Monthly Debt …
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Instructions for Preparing the Mortgage Loan Delivery Package
Yield Maintenance Period End Date: Insert the appropriate month and year, calculating from the Maturity Date, e.g., if the loan is a 10-year loan with a Maturity Date of July 1, 2013, and the yield maintenance period is 9.5 years, then the month and year …
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10 year interest only refinance