A borrower who does not meet the underwriting requirements of mainstream
lenders. Sub-prime borrowers pay more than prime borrowers and are sometimes taken advantage of. ...
Monthly payments required on credit cards, installment loans, home equity
loans, and other debts but not including payments on the loan applied for. ...
A credit report contains detailed information regarding the relationship history of an individual with several financial institutions.
How do I get a Credit Report?You ask a credit bureau. ...
A computer-driven process for informing the loan applicant very quickly, sometimes within a few minutes, whether the application will be approved, denied, or forwarded to an underwriter. ...
A bundle of mortgage characteristics that lenders view as comprising a distinct
category. The characteristics used include whether it is an FRM, ARM, or Balloon, the term, the
initial ...
The difference between the price posted to its loan officers by a lender or mortgage
broker and the price charged the borrower. Loan officers who work for lenders or mortgage brokers ...
This calculator figures your principal balance after any number of payments. Input the beginning principal amount, interest rate, length of the loan, and the number of payments to analyze. ...
Wondering what is the best lease purchase mortgage definition?A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property with the option to ...
Wondering what is the effect of paying extra principal on a mortgage – if there’s any?
Well, it actually does have a big effect and – if you do have available funds to do ...
Discover your potential monthly savings by combining your bills into a single source. Eliminate high interest rate credit card and installment loans with a tax deductible (consult you tax ...
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