Mortgage Loan Purpose

From Open Risk Manual

Definition

Mortgage Loan Purpose. The purpose for which mortgage loan proceeds will be used, such as real property purchase, dwelling construction, or loan refinancing


Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.