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A second mortgage may also come into play when getting down payment assistance during a home purchase, whereby the loan is subordinate to the FHA loan. Does FHA do construction loans? Yep.. Is this true? From what I have read we would be refunded starting at 80% after the first month after.
Quiz – Mortgage Fraud – www.nar.realtor – A borrower commits mortgage fraud when he or she takes part in a silent second mortgage. This is when a buyer borrows the down payment from the seller in order to purchase the house but fails to disclose the source of the down payment to the lender.. Which of the following constitutes.
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