A mortgage that can be moved from one property to another. Ordinarily, you
repay your mortgage when you sell your house and take out a new mortgage ...
A lender who delivers loans to another (usually larger) lender against prior price commitments the larger lender has made to the correspondent. Mortga ...
A clause in the note that allows the lender to demand repayment of the balance in full. A demand clause is even better (for the lender) than an accele ...
The period over which the borrower is obliged to make payments. On most mortgages,
the payment period is a month but on some it is biweekly. It is no ...
Requirements stipulated by the lender that the ratio of housing expense to
borrower income and the ratio of housing expense plus other debt service ...
This calculator will amortize your mortgage over the loan period based on your input. To see a breakdown by payment, select the Full Loan Amortization ...
The Real Estate Settlement Procedure Act requires the lender to disclose certain information about a loan, including the estimated closing costs and A ...
Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation chartered by the federal government to buy pools of m ...
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