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. ...
A particular combination of loan, borrower, property, and transaction
characteristics that lenders use in setting prices and underwriting requirements. ...
A lender offering loans on the Internet who provides mortgage shoppers
with the information they need to make an informed decision before applying for a mortgage and
guarantees them ...
A provision of a loan contract stipulating that if the property is sold the loan balance must be repaid. A mortgage containing a due-on-sale clause is not assumable. This prevents a home ...
When a borrower has difficulty making the scheduled payment. Position of the
Lender: A good place to start is by understanding the position of the lender. A game plan for
survival ...
A mortgage that can be moved from one property to another. Ordinarily, you
repay your mortgage when you sell your house and take out a new mortgage on the new home you
purchase. With a ...
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 ...
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 ...
You saw a property you love and want to buy it, but you have no money to do that. So you ask us how do you buy a house with no money.
Well, that’s a funny question… if you ...
To understand what is a subprime mortgage, we need to talk about the subprime definition. Subprime means something that is not in the best conditions and, in this scenario, it refers to a ...
Have a question or comment? We're here to help.