The federal law that specifies the information that must be provided to
borrowers on different types of loans. Also, the form used to disclose this information. Truth in
Lending (TIL) is ...
An independent contractor who offers the loan products of multiple lenders,
called wholesalers. Mortgage brokers do not lend. They counsel borrowers on any problems involved in
qualifying ...
The present value of a house, given the elderly owner's right to live there until
she dies or voluntarily moves out, under FHA's reverse mortgage program. ...
A mortgage that does not meet the purchase requirements of the two
federal agencies, Fannie Mae and Freddie Mac, because it is too large or for other reasons, such as
poor credit or ...
A second mortgage offered at preferential (subsidized) terms to those who qualify.
For example, a labor union may offer members who are first-time home buyers a silent second to
finance ...
If you’re a student in medical school, a resident or a medically qualified doctor, you must know the definition of Physicians Mortgage Loan, also known as Doctor Loans. Why? Because, ...
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 ...
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 your principal balance after any number of payments. Input the beginning principal amount, interest rate, length of the loan, and the number of payments to analyze. ...
All foreclosures have the same cause - missed payments. Financial difficulties come without notice. You may lose your job overnight, your business may no longer fight with the competition, ...
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 ...
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 ...
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