MAINE MORTGAGE LENDING FREQUENTLY-ASKED …
NO: This is not a higher priced mortgage loan. DONE. 7. Does the loan allow a borrower to defer repayment of principal or interest (for example, payment option ARM or interest-only mortgage)? NO: Continue with Question 8. YES: This IS a higher priced mortgage loan. DONE. 8. Is the loan a subordinate-lien mortgageā¦ ................
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