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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... Finance Settlement Costs in Mortgage Refinance? March 15, 1998, Revised January 4, 2003 "I expect to stay in my house a long time and don't want to pay the high rate required on a no-cost mortgage, yet I'm strapped for cash. Can I pay the settlement costs but borrow a larger amount to cover them? Would this reduce the benefit ... more... |
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find lender loan remortgage mortgage refinance related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more... Refinance Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... |
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More about find lender loan remortgage mortgage refinance
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