Second Mortgage Loan Advance definition
Second Mortgage Loan Advance means a Warehouse Advance requested to fund a Second Mortgage Loan or a Home Equity Loan.
Second Mortgage Loan Advance means an Advance against the Borrowing Base value of Second Mortgage Loans.
Second Mortgage Loan Advance means any Advance with respect to a Second Mortgage Loan.
Examples of Second Mortgage Loan Advance in a sentence
The Company shall not use the proceeds of any Conforming/Government Advance, Jumbo Advance, Second Mortgage Loan Advance, Alt A Advance, Subprime Advance, Wet Advance or Co-Op Advance for any purpose other than the purposes encompassed by the definition of those terms in ARTICLE 1 of this Credit Agreement.