Examples of Loan Purpose in a sentence
Borrower Qualification Numeric – Decimal 14.5 99.99 Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) > 0 78 FICO Model Used Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.
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).
Subject to the terms and conditions hereof, MLBFS hereby agrees to make the Loan to Customer for the Loan Purpose, and Customer agrees to borrow all amounts borrowed to satisfy the Loan Purpose from MLBFS.
The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLBFS, for other lawful business purposes of Customer not prohibited hereby.