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What Does Relocation Mortgage – Relo Mean?

April 26, 2017mean mortgage RELO relocation

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What Does Relocation Mortgage – Relo Mean?

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A type of mortgage that is designed for relocating/transferring employees. Corporations sometime make special mortgages available for relocating employees in an effort to make the moving process easier and more economical. Oftentimes, there are bonuses for the employee, such as the company paying the closing costs. Some mortgage companies specialize in offering relo mortgages.