E-LOAN to offer TIC mortgages

Online loan broker E-LOAN Inc. announced it will introduce a mortgage to facilitate homebuyers purchasing as tenants in common, Bizjournals.com reported July 13. E-LOAN said it will begin offering the loan in 45 to 75 days.

The loan is expected to be a 30-year fixed-rate loan that might allow several buyers to purchase a building with up to 15 units as a TIC.

This entry was posted on Thursday, July 14th, 2005 at 2:14 am and is filed under Corporate/ Banking. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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