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Oregon Ucc Financing Form

Oregon Ucc Financing Form

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Instructions and help about Oregon Ucc Financing

hello in this video we will help you explain the ins and outs of the recapture form to your borrowers and fees related to the form for the Oregon bond residential loan program please note your borrower should always seek advice from tax consultants if they do decide to sell their home within a nine year window the reason for the recapture fee and repayment requirement of the Oregon bond residential loan program is because the funding source comes from tax-exempt bonds helping first-time homebuyers get a lower than market interest rate on their home loans in paragraph 3 on the recapture form you will see items that will factor the possible repayment of a recapture fee at the time of sale 1 the year the home is sold in to how much profit is made on the sale and 3 it's a family gross household income over the income limits for the year the home is sold in we have drawn a chart to show you how the calculations work out we are borrowing this chart idea for one of our approved lender

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