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Wholesale LendingCrossCollateral Loan Program This program allows your client to use the equity in their current home to purchase or construct a new home by obtaining ONE loan against the new property

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What is cross-collateral loan program?

Cross-collateral loan program is a type of loan where multiple assets are used as collateral.

Who is required to file cross-collateral loan program?

Borrowers or individuals applying for a cross-collateral loan program are required to file the necessary paperwork.

How to fill out cross-collateral loan program?

To fill out a cross-collateral loan program, borrowers need to provide information about the assets being used as collateral and their financial information.

What is the purpose of cross-collateral loan program?

The purpose of a cross-collateral loan program is to secure a loan using multiple assets, reducing the lender's risk.

What information must be reported on cross-collateral loan program?

Information such as the value of the assets being used as collateral, the loan amount, and the borrower's financial status must be reported on a cross-collateral loan program.

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