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Why use Wisconsin Neighborhood Advantage over an in-house loan product?

April 26, 2017advantage in-house loan NEIGHBORHOOD Product Wisconsin

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Why use Wisconsin Neighborhood Advantage over an in-house loan product?

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• The loan is a 30-year-fixed rate, while many in-house loans for foreclosed properties are adjustable rate loans. • Job loss mortgage payment protection is a value added benefit • In this current credit market, very few portfolio products offer financing for acquisition-rehab transactions. • NSP funds are forgivable. This means that as long as the borrower remains in the home, a portion of the funds are forgivable each year.