Loan Provider


Definition of "Loan Provider"

A mortgage lender or mortgage broker.

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Popular Real Estate Terms

Mortgage Shopping

Trying to find the best deal on a mortgage. It isn't easy to do right, as a summary of the major steps involved will demonstrate. Step 1: Decide if ...

Mortgage Price Quotes

Rates and points quoted by loan providers. You cannot safely assume that mortgage price quotes are always timely, niche-adjusted, complete, or relia ...

Locking The Loan

An option exercised by the borrower, at the time of the loan application or later, to 'lock in' the rates and points prevailing in the market at that ...

Mortgage Referrals

Advice on where to go to get a mortgage. A borrower can always select a loan provider by throwing a dart at the Yellow Pages. A referral is of value ...

Float

Allowing the interest rate and points to vary with changes in market conditions, as opposed to 'locking' them. Floating may be mandatory until the le ...

Refinance

Paying off on old loan while simultaneously taking a new one. Borrowers may refinance to reduce Interest Cost or to raise cash. These are very diffe ...

Popular Real Estate FAQ

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case injuries occur to other people resulting from your ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after excluding present and future rights-of-way, restrict ...

What Is A Title?

A title is the right of property ownership. ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then sold. ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

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