A customers requests an excellent $five hundred,000 house or apartment with a downpayment of $100,000 and you can good readvanceable home loan away from $400,000
A customers requests an excellent $five hundred,000 house or apartment with a downpayment of $100,000 and you can good readvanceable home loan away from $400,000 a good $3 hundred,000 5-year fixed label financial, amortized over 25 years a good $100,000 HELOC having attention-merely repayments As consumer pays down the an excellent dominating on the $300,000 …