The upfront and/or periodic charges that the borrower pays for
mortgage insurance. There are different mortgage insurance plans with differing combinations of
monthly, annual, and upfront premiums.
The upfront and/or periodic charges that the borrower pays for
mortgage insurance. There are different mortgage insurance plans with differing combinations of
monthly, annual, and upfront ...
The total cash required of the home buyer/borrower to close the purchase plus loan
transaction or the loan transaction on a refinance. Required cash includes the down payment, points
and ...
A collateralized debt obligation, also known as CDO, defines a complex financial product. Various loans, mortgages, bonds, and valuables back this commodity, and institutional investors ...
The process of raising cash periodically through successive cash-out
refinancings.
This is a scam initiated by mortgage brokers that victimizes wholesale lenders, with the connivance
of ...
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 ...
The time is here: you decided you will buy a home. Congratulations!
But soon after you get motivated to do, conscience kicks in and makes you ask yourself: how much income do I need to buy ...
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 ...
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 ...
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 ...
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 ...
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 ...
Have a question or comment? We're here to help.