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Questions about Warehouse Lines of Credit
What is a Warehouse Line of Credit?
One definition of a warehouse line of credit would be, a secured OR unsecured warehouse lines of credit that an individual or insitutional funding source can draw upon to purchase notes and real estate. The MBS Group with warehouse lending specializes in providing warehouse lines of credit to existing and emerging mortgage bankers nationwide. A warehouse line of credit is a revolving line of credit. Money is borrowed on the line and added to your bottom line with a warehouse line of credit. Learn more about the warehouse lines of credit provied by MBS. We have the cash flow for a warehouse line of credit and credibility needed to make the leap.
You can think of it as a credit card with a very large limit and every time a note or piece of property is purchased with the line of credit (credit card) the balance is taken out of the total available credit of the warehouse line and needs to be paid back with interest.
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