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What is Mortgage Underwriting?
0 Answers | 541 Views
Interesting Question?   (8)   (7)
What is a Balloon Mortgage?
0 Answers | 538 Views
Interesting Question?   (3)   (14)
What is a Mortgage Payment?
This is an amount of money paid on a regular basis to pay off a loan. The amount depends on the size and type of a loan and the rate of interest. Usually, it is a monthly...
1 Answers | 410 Views
Interesting Question?   (11)   (4)
What is a First Mortgage?
It is the mortgage registered first against a real estate property. In case of sale or default, the lender of the first mortgage will be paid first. It has the priority o...
1 Answers | 393 Views
Interesting Question?   (10)   (4)
What is a Joint Mortgage?
0 Answers | 532 Views
Interesting Question?   (7)   (9)
What is a Mortgage Pool?
0 Answers | 561 Views
Interesting Question?   (6)   (6)
What is Mortgage Payment Protection?
0 Answers | 535 Views
Interesting Question?   (3)   (6)
What is a Mortgage Note?
0 Answers | 561 Views
Interesting Question?   (8)   (9)
What is Home Mortgage Insurance?
It is either a voluntary or non voluntary payment of a premium to protect a lender from loss of money and can be used in case of an emergency like death. If a borrower ca...
1 Answers | 355 Views
Interesting Question?   (6)   (10)
What is a Mortgage Interest Rate Calculator?
This calculator helps you know how much you would be paying each month given an interest rate or a change in the rate. It can also show you how extra payments can acceler...
1 Answers | 885 Views
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What is an Alt-A Mortgage?
0 Answers | 543 Views
Interesting Question?   (6)   (9)
What is Mortgage Interest?
Is a tax deductible interest the borrower pays the lender charged for the borrowed money to buy the property.
1 Answers | 352 Views
Interesting Question?   (6)   (3)
What is a Mortgage Reset?
This happens when a lender changes the interest rate after one payment period. It is applicable with variable rate loans and balloon loans. On the reset date, lenders wil...
1 Answers | 399 Views
Interesting Question?   (4)   (9)
What is a 80/20 Mortgage?
An 80/20 mortgage is used when a borrower cannot afford to pay a 20% downpayment for the real estate he or she wants to purchase. It involves two loans to pay for the ent...
1 Answers | 370 Views
Interesting Question?   (5)   (11)
What is a Mortgage Buyer?
It is an individual or a company that buys mortgage notes from leaders. They pay a lump sum of money in exchange for the secured real estate promissory notes of note hold...
1 Answers | 393 Views
Interesting Question?   (6)   (10)
What is a Jumbo Mortgage?
Jumbo mortgage is also referred as a non home conforming loan because the amount of loan is above conventional loan –the limit set by Fannie Mae and Freddie Mac.
1 Answers | 362 Views
Interesting Question?   (4)   (10)
What is a Land Mortgage?
0 Answers | 557 Views
Interesting Question?   (6)   (8)
What is a Mortgage Amortization?
0 Answers | 514 Views
Interesting Question?   (4)   (7)
What is a Mortgage Underwriter?
0 Answers | 545 Views
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What is a Junior Mortgage?
0 Answers | 524 Views
Interesting Question?   (8)   (11)
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