Preservation Benefit. For homeowners who can demonstrate the ability to sustain their loan payments. Homeowners may decline the Reinstatement Benefit in order to be considered for the Preservation Benefit, but homeowners cannot receive funding under both the Reinstatement and Preservation benefits.
Appears in 5 contracts
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement, Commitment to Purchase Financial Instrument and Hfa Participation Agreement
Preservation Benefit. For homeowners who can demonstrate the ability to sustain their loan payments. Homeowners may decline the Reinstatement Benefit in order to be considered for the Preservation Benefit, but homeowners cannot receive funding under both the Reinstatement and Preservation benefits.
Appears in 1 contract
Samples: Commitment to Purchase Financial Instrument and Hfa Participation Agreement
