FNMA Modifications to Multifamily Note — Leasehold Mortgage Loan is a type of loan that is offered by the Federal National Mortgage Association (FNMA) to borrowers with multifamily properties in which the borrower has a leasehold interest. This type of loan is used to modify the terms of the existing loan and can include changes to the interest rate, loan amount, loan term, or other loan features. There are typically two types of FNMA Modifications to Multifamily Note — Leasehold Mortgage Loan: a permanent modification and a temporary modification. A permanent modification is a change to the loan terms that is intended to be long-term, while a temporary modification is a change that is intended to be in effect for a short period of time. Both types of modifications can help borrowers reduce their monthly payments and make their loan more manageable.
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