Rate/Point Break-Even
The period you must retain a mortgage in order for it to be profitable to pay points to reduce the rate.
Popular Mortgage Terms
The form that lists the settlement charges the borrower must pay at closing, which the lender is obliged to provide the borrower within three business days of receiving the loan application. ...
The policy of a second mortgage lender toward allowing a borrower to refinance the first mortgage while leaving the second in place. ...
A plan purporting to protect FHA homebuyers against property defects. ...
A lender that sells the loans it originates, as opposed to a portfolio lender that holds them. ...
One of many interest rate indexes used to determine interest rate adjustments on an adjustable rate mortgage. ...
Someone recommended you should reach out to Freddie Mac and you came here looking for him. No, he's not a registered real estate agent at The OFFICIAL Real Estate Agent Directory ...
The house in which the borrower will live most of the time, as distinct from a second home or an investor property that will be rented. ...
Belief that there is a special way to pay down the balance of a home mortgage faster, if you know the secret. ...
Loan applications that are withdrawn by borrowers, because they have found a better deal or for other reasons. ...
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