Date: July 6, 2018 Dear: Average Joe As the President of CBC Mortgage Agency, I want to congratulate you on the purchase of your new home, and provide you with some important details and choices as it relates to your financing. Our government agency is...
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Date: July 6, 2018 Dear: Average Joe As the President of CBC Mortgage Agency, I want to congratulate you on the purchase of your new home, and provide you with some important details and choices as it relates to your financing. Our government agency is working with your lender, Test Seller, to provide the down payment funds in conjunction with the FHA 1st mortgage loan you are receiving. The down payment funds we provide are typically in the form of a second mortgage, which may or may not require repayment. Our Mission - As a federally chartered, public purpose, government agency, we work to increase affordable and sustainable homeownership opportunities for credit worthy individuals who lack down payment funds. Given your home ownership and financial security goals, it is critical that you fully understand your mortgage terms. You have chosen to obtain home financing by using a mortgage professional. That was a good decision. Undoubtedly in the course of the mortgage application proce
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