US Legal Forms
Agreements - Agreement Forms
Minutes of Meeting of the Directors regarding Bank Loan

Directors Loan For Mortgage Deposit In New York

Category:

Loans and Lending - Minutes

State:

Multi-State

Control #:

US-00420BG

Format:

Instant download

Description

This form contains a resolution of the Board of Directors authorizing the refinancing of a loan of the corporation and names the officers of the corporation authorized to sign the loan documents.

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Director's Loan Used as Deposit for Large Self Employed Mortgage. Getting a mortgage as a self-employed business owner can be notoriously more difficult.Can I use a personal loan for a mortgage deposit? If you own a business, it may be possible that it can finance your deposit in the form of a director's loan. Again, this is subject to strict lending criteria. It's possible, in certain circumstances, to use a loan for a house deposit, but many lenders will not accept this method. The mortgage recording tax consists of six separate taxes imposed on the recording of mortgages on real property located in New York State.

Directors Loan For Mortgage Deposit In New York

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