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Borrower: An eligible person as specified in an executed Certification of Eligibility, prepared by the appropriate campus representative, who will be primarily responsible for the repayment of a Program loan. Bridge Loan: A temporary loan, usually less than 12 months, provided to a borrower when the net proceeds from a sale arrowhead bank personal loans a prior residence are not available for the purchase of a new home.
It is intended that a bridge loan will be paid off with cash advance greensboro nc net proceeds from the prior residence's sale. Close of Escrow: The meeting between the buyer, seller and lender (or their agents) where the property and funds legally change hands. Certification of Eligibility : Form signed by campus representative certifying that the applicant is eligible for Cash advance greensboro nc participation and the amount of the loan allocation.
Also known as form OLP-30. Community Property: Property acquired by husband and wife, or either, during marriage, when not acquired as the separate property of either. Co-Borrower: Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.
against a contractor offering all cash. She gained the upper hand by learning something about the seller. "The seller was born and raised in the house, so there was a lot of sentiment involved," Van Brunt-Wiley says. Along with submitting her best offer, "I wrote and told her why we loved the home and how happy we would be to raise our children in the neighborhood," she says. She later found out the contractors bid was actually higher, but the seller didnt like the idea of handing over the keys to someone who would just renovate the home and flip it.
"We were all shocked, including the real estate agents - and very pleased with the outcome, to say the least," Van Brunt-Wiley says.
7 surprises of home ownership. You'll soon discover that cash advance greensboro nc you were a renter, you had the easy life.
LOAN CALCULATOR. NOTE: This is an estimator ONLY. Rates may vary from state to state and are subject to change at any time. Specific lenders may also have different rates and Terms and Conditions. Please ask your lender for all information related to your loan before agreeing to a loan. Latest Articles. Check out our blog.