To identify one or more uses of loan proceeds
Code specifying how proceeds will be used or why they are being requested
Code specifying a type of refinance
Code specifying how proceeds will be used or why they are being requested
Code indicating a Yes or No condition or response
C048-04 determines whether or not the subordinate mortgage will be paid off. A "Y" indicates the subordinate mortgage will be paid off and rolled into the new first mortgage. A "N" indicates the subordinate mortgage will not be paid off.
