Single-Lender Web Site
A Web site of an individual lender offering loans to consumers. Most Internet shoppers want a list of lenders in whom they can have confidence, who will provide them with the information they need to make an informed decision before applying for a mortgage, and who also guarantee them fair treatment during the period after they apply through to closing.
Popular Mortgage Terms
A documentation option where the applicant's income is disclosed and verified but not used in qualifying the borrower. The conventional maximum ratios of expense to income are not ...
A term that small lenders sometimes use to distinguish themselves from mortgage brokers. ...
A mortgage on which half the monthly payment is paid twice a month. It should be called a 'semi-monthly mortgage' but market practice often trumps logic. In contrast to a biweekly, a ...
A mortgage Web site designed to provide leads to lenders. A 'lead' is a packet of information about a consumer in the market for a loan. Lenders pay for leads, and these sites are an ...
The number of months for which the initial interest rate holds on an ARM. ...
A Web site of an individual lender offering loans to consumers. Most Internet shoppers want a list of lenders in whom they can have confidence, who will provide them with the information ...
Using a brokers time and expertise to become informed and creditworthy, then jumping to the Internet to get the loan. ...
A lender that provides loans through mortgage brokers or correspondents. ...
A contribution to a borrower's down payment or settlement costs made by a home seller, as an alternative to a price reduction. ...
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