Internet Mortgages

Definition of "Internet Mortgages"

Mortgages delivered using the Internet as a major part of the communication process between the borrower and the lender.

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What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

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The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

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When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

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Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

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FAQ

What is a loan-to-value (LTD) ratio? What is a proration? What is hazard insurance? What is an APR and what does it include? What is depreciation?