Self liquidating loan real estate
Amortization refers to the schedule of payments you are making on your loan.
The most common type of mortgage is called a "fully amortized" loan.
All closing costs will be paid by the borrower and will include, but not limited to, mortgage taxes, appraisal fees, attorney fees and title search fees.
Funds availability shall then close and the ending balance will convert to a closed end, fully amortized conventional mortgage for either a 10 or 15 year term set at the prevailing Maspeth Federal Savings commercial interest rate for similar type property.
The real scam is: BUYING THE BOOK THEY SELL YOU FOR OR MORE WHICH TELLS YOU ABOUT SELF-LIQUIDATING LOANS AND THEN SCAMMING YOU FOR THE APPLICATION FEE FOR THE LOAN.
This is just flat out criminal "advance fee" fraud and you should contact your local law enforcement authorities immediately.
But what many of these people are after is merely the cost of the book, but they want that cost from as many people as will pay it to them.
These multi-level marketers and other criminals have engaged in this form of cyber-terrorism because our telling the truth about their fraudulent schemes was hurting their ability to sell to new victims.
Fortunately, our ISP now recognizes that these fake spams are bogus and ignores them, and additionally we are duplicating this site on numerous other servers (including "hardened" servers as well as our own proprietary servers) so that we cannot be harmed by these multi-level marketers and other criminals.