What Is A Convertible ARM?

When you take a look at the small city of Pasadena, MD you will see a very tight-knit community. With a population of around 31,000 residents, this census-designated town confuses the radar ...

Clermont Florida is well known for its beautiful suburban neighborhoods and its high population of “snowbirds”, wealthy retirees from the northern US who spend their winters in ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-term debt) to your monthly gross income. Lenders use this ratio-sometimes called the ...

Many real estate agents that are either new in the field or are thinking of upgrading their expertise in the area are looking to commercial real estate. The reason is simple. The general ...

For the second-largest city in Arizona, Tucson in ways feels like the arty and quirky younger sibling of Phoenix. Located in Pima County which also governs, Tucson, also known as the Old ...

Of the many cities in Maryland, one, in particular, stands out. Nestled in between the United States capital of Washington DC and Annapolis Maryland, the refined, upper-class city of Bowie ...

Let's face it: living is getting more expensive by the day! Prices on everything from fuel to food to firewood are rising steadily, and it seems they won't stop any time soon. Pay rates are ...

The city of Annapolis, MD is located on the Atlantic Coastal Plain and it is the closest state capital to the national capital of Washington D.C. The city has a population of about 40,000 ...

A variety of unsavory lender practices designed to take advantage of unwary borrowers. Predatory lending covers much the same ground as Mortgage Scams and Tricks/Scams by Loan Providers. ...

A mortgage Web site that shows mortgage prices posted by participating lenders, in some cases hundreds of them. ...

A federal agency that guarantees mortgage securities that are issued against pools of FHA and VA mortgages. ...

Protection for a borrower against the danger that rates will rise between the time the borrower applies for a loan and the time the loan closes. Rate protection can take the form of a ...

The rate charged the borrower each period for the loan of money, by custom quoted on an annual basis. A mortgage interest rate is a rate on a loan secured by a specific property. ...

A derogatory term for lender fees that are expressed in dollars rather than as a percent of the loan amount. ...

Refinancing that omits some of the standard risk control measures and is therefore quicker and less costly. The rationale for streamlined refinancing is that, while it is an entirely new ...

Proliferation in the number of loan, borrower, property, and transaction characteristics used by lenders to set mortgage prices and underwriting requirements. Nichification is unique to ...