Direct Lender | Mortgage Glossary

Definition of "Direct Lender"

A term that small lenders sometimes use to distinguish themselves from mortgage brokers.

Buying more house than a buyer can afford based on his or her income. ...

Giving money, a good, or service that is worth something in exchange for another good or service pro ...

Soliciting of customers for the purchasing of an insurance product. ...

Fiduciary named in a will to settle an estate of a deceased person. The executor must act as a reaso ...

Hospital charges in addition to room and board. Miscellaneous expenses are covered under a basic hos ...

Health insurance that is not subject to alteration, termination, or increase in premium upon renewal ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

A sales contract is the contract you draw up when you want to make an offer on a home. ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

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