Prices that assume a more or less standardized set of transaction characteristics that generally command the lowest prices. Generic prices are distinguished from transaction specific ...
A non-citizen with a green card employed in the U.S. Non-permanent
resident aliens are subject to somewhat more restrictive qualification requirements than U.S.
citizens. Permanent ...
Markets in which mortgages or mortgage-backed securities are bought
and sold. 'Whole Loan' Markets Versus Securities Markets: Secondary mortgage markets are of two
general types. 'Whole ...
Same as term Points: An upfront cash payment required by the lender as part of
the charge for the loan, expressed as a percent of the loan amount; e.g., '3 points' means a charge
equal to ...
The amount the borrower promises to repay, as set forth in the loan contract.
The loan amount may exceed the original amount requested by the borrower if he or she elects to
include ...
RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameters and the month you purchased the home. Since home interest and points are captured in ...
Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-chartered, non- bank, financial services company and the nations largest source of financing ...
Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point - equaling 1% of the total loan amount - is an upfront fee that reduces ...
This calculator figures how much interest savings you will have depending on how much extra you pay monthly. Input an extra payment and calculate your interest savings based on the higher ...
Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 30%. The housing expense, or front ratio, compares ...
A second mortgage is a type of mortgage on property that has alien already on the first mortgage. This mortgage is usually on the remaining equity in the home. ...
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