The security posted for loans could include property, the person of the debtor or indeed his children.
He said the loans included $2,500 that was paid off just weeks before jury selection in the case.
Most loans include payments towards the principal balance of the mortgage.
Conforming loans above 80% are allowed but must include private mortgage insurance.
The loan included an option for a permanent transfer.
According to mortgage industry analysts and executives, such loans include important benefits not common in the current pool of conventional mortgages.
If your existing loan does not include an escrow account, one will be established.
The loan included money usable only for certain building improvements.
The loan also included a contingency reserve of 5 percent, to be used for any cost overruns.
His new loan included $1,500 for closing costs, which will take eight months to recoup.