What Is A Convertible ARM?

When moving to a new city, there are certain questions any responsible adult will ask before they take the leap and move their life to a new place. If you’re thinking of moving to ...

You’re researching your options regarding a homeowner’s insurance policy and you’re wondering which to get; there are so many! Then, your real estate agent, a great ...

This amazing 55+ active retirement community in the heart of Florida could be a game-changer for any adult who is looking to spend their golden years juggling fun, entertainment and ...

Located in close proximity to the westernmost metropolis of Florida, the city of Gulf Breeze, FL is a great destination for families and, as it has great assisted living facilities, ...

If you have a family, or a job that just doesn’t pay that well, chances are your first concern when moving to a new city is its cost of living. You’ll probably research the ...

Earlier this year, at the end of spring, home sellers listed their properties at a median price of $365,000 according to Norada Real Estate Investments. The median sale price, though, or ...

Wondering how to stop a lien on your property? Well, there is one pre-emptive measure of including in your bilateral contract that failing to comply with whatever obligations the ...

Having trouble deciding whether to spend your vacation in Pigeon Forge or Gatlinburg? Don’t worry, we’re here to help! Both are attractive vacation destinations, so we ...

A mortgage loan transaction in which the lender assumes responsibility for an existing mortgage. A wrap-around can be attractive to home sellers because they may be able to sell their ...

A professional with knowledge of real estate markets and skilled in the practice of appraisal. When a property is appraised in connection with a loan, the appraiser is selected by the ...

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 ...

A mortgage loan for 125% of property value. Since such loans are only partly secured, they have many of the characteristics of unsecured loans, including relatively high interest rates. ...

Cost-of-Funds Index, one of many interest rate indexes used to determine interest rate adjustments on an adjustable rate mortgage. ...

A letter from a lender verifying that the price and other terms of a loan have been locked. Borrowers who lock through a mortgage broker should always demand to see the lock commitment ...

The maximum allowable ratio of loan-to- value (LTV) on any loan program. Generally, these are set by mortgage insurers or by lenders and can range up to 100%, although some programs will ...

The largest loan size permitted on a particular loan program. For programs where the loan is targeted for sale to Fannie Mae or Freddie Mac, the maximum will be the largest loan ...