How will I receive my payments
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How will I receive my payments
I know there are more ways than the two I know of to receive payments. Does anyone out there know all 5 ways you can receive payments if your loan is approved?
Linn F- Posts : 20
Join date : 2008-02-05
Re: How will I receive my payments
I know three of them:
# Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
# Term - equal monthly payments for a fixed period of months selected.
# Line of Credit - unscheduled payments or in installments, at times and in amounts of borrower's choosing until the line of credit is exhausted.
# Tenure - equal monthly payments as long as at least one borrower lives and continues to occupy the property as a principal residence.
# Term - equal monthly payments for a fixed period of months selected.
# Line of Credit - unscheduled payments or in installments, at times and in amounts of borrower's choosing until the line of credit is exhausted.
Lizzy B- Posts : 23
Join date : 2008-02-05
Re: How will I receive my payments
Modified Term-Fixed monthly payments for a set period of time, plus access to line of credit.
Modified Tenure-Fixed monthly payments for as long as you live in the home, plus access to line of credit.
Modified Tenure-Fixed monthly payments for as long as you live in the home, plus access to line of credit.
Marc Johnson- Posts : 20
Join date : 2008-01-28
Re: How will I receive my payments
To make it simple you may receive the amount in a single lump sum of cash, a credit line, flexible monthly cash advances or any combination of the three.
Walter Cabe- Posts : 23
Join date : 2008-01-28
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