Examples of Loan Purpose in a sentence
Please Select One Type Of Loan Change Below For all loan split changes, please refer to this list of Loan Purpose Codes for any changes:121.
In order to complete this section, brokers must consider all answers previously given, and in particular, those relating to:• Loan Purpose (Section 1);• Refinance & Debt Consolidation (if applicable) (Section 2);• Possible adverse changes to financial situation (Section 3);Each feature in the table is to be marked as ‘Important’, ‘Not Important’ or ‘Don’t Want’, depending on the broker’s discussion with the applicant(s).‘Important’ means the feature is a high priority for the applicant(s).
Please Select One Type Of Loan Change BelowFor all loan split changes, please refer to this list of Loan Purpose Codes for any changes:121.
We further include a separate Rollover dummy (also listed in the Loan Purpose category), which takes a value of one if the loan is given to prepay another loan, and is zero otherwise.The firm characteristics include both proxies for the size and legal form of the firm.
Refer to the Loan Purpose sections in Freddie Mac’s Selling Guide for additional details.