mortgage calculator: DPA Edge Forgivable Loan-- A win for responsible homebuyers
- 06/19/19 10:06 AM
The Chenoa Fund, offered by CBC Mortgage agency--a federally-chartered housing finance agency, helps borrowers all across the country with our suite of mortgage products. These products assist homebuyers with their down payment in the form of a 2nd mortgage on both FHA and Conventional products.
One product in particular, the DPA Edge Forgivable, puts the borrower in a better position financially because of its aggressive loan forgiveness feature. The DPA Edge Forgivable or Soft Second is a fully-disclosed, fully-recorded 2nd mortgage that lives on title, but requires no payment. The DPA Edge Forgivable has no interest rate, and it is forgiven after 36 (0 comments)
I help correspondent lenders get approved with Chenoa Fund, offered by CBC Mortgage Agency. I've been associated with the real estate industry for over 15 years.