What Is A Mortgage Broker?

Say you are the proud Tenant of a home and you made the greatest deal ever – it’s in an awesome neighborhood, it has a sweet rent price and it came already fully furnished; ...

For a beautiful city like Charlotte, NC, ridden with history and the thrill of constant reinvention, the general expectations are for a slightly higher cost of living. However, the city of ...

The state of Tennessee has been one of the hardest states hit by the sub-prime mortgage crisis of 2007-2008. Since then, the state has constantly fought to make homeownership more ...

Every state has its own history and interesting facts that make your mouth drop to surprise, thinking that you never knew those things. For example, did you know that the state of Tennessee ...

In the middle of South Carolina’s ocean shore is where you’ll find the city of Charleston. With a population of over 138,000 friendly residents, this city has been voted over ...

If you go south of Washington D.C. right by the Potomac River you’ll find the unincorporated census-designated area of Fort Washington, MD. With over 24,000 residents, Fort ...

Located on the East Coast of Florida you will find a city that has been nicknamed “the quieter side of Florida”. That city is Palm Coast, FL. The name itself paints a picture of ...

Same as term Negative Points: Points paid by a lender for a loan with a rate above the rate on a zero point loan. For example, a lender might quote the following prices: 8%/0 points, ...

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 mortgage broker who sets a fee for services, in writing, at the outset of the transaction and acts as the borrower's agent in shopping for the best deal. Customers of UMBs pay the ...

A particular computerized system for doing automated underwriting. Mortgage insurers and some large lenders have developed such systems, but the most widely used are Fannie Mae's 'Desktop ...

The period between payment changes on an ARM, which may or may not be the same as the interest rate adjustment period. ...

The assumption of a mortgage, with permission of the lender, from a borrower unable to continue making the payments. ...

One of many interest rate indexes used to determine interest rate adjustments on an adjustable rate mortgage. ...

Inserting provisions into a loan contract that severely disadvantage the borrower, without the borrowers knowledge, and sometimes despite oral assurances to the contrary. Prepayment ...