As you sign all of the other closing documents for this loan, there will be one more about your Employment. Call Steve and Eleanor Thorne about your particular situation at I've lived in Cary since - and I'm second generation "mortgage. How does this part of the process work?
In making an offer on a qualifying property, a home buyer must agree to the list price. Buyers who wish to participate in the GNND program submit their bid with a registered broker. The home buyer does not need to make any payments on this note nor is any interest accrued as long as the 36 month occupancy requirement is met.
The second lien is reduced to zero at the end of the three-year period. Earlier move out may incur substantial penalties. The home buyer must not have owned any other real estate for one year prior to participating in the GNND program. Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Eleanor Thorne Equity Resources Follow Profile.
Contact The Author. Full Name. Email Address. Phone Number. Service Areas. The term of the mortgage will be equal to thirty-six months plus 30, 90, or days as provided in Statute At the end of the third year of occupancy the amount of the second mortgage will be zero.
Interested in purchasing a distressed FHA Foreclosed home? We can help! Call Steve and Eleanor Thorne I've lived in Cary since - and I'm second generation "mortgage.
0コメント