What does it mean that the principal and interest of multi-family loans come from the same account?
Multiple borrowers apply for a loan together, and the principal and interest of the loan are paid from the same account. Multi-family loan principal and interest from the same account means that multiple borrowers jointly apply for loans, and the loan principal and interest are paid from the same account. By setting the source of principal and interest as the same account, lending institutions can better track the repayment of borrowers and avoid confusion or omission.