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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... When Are Points on a Mortgage a Good Investment? March 15, 1998, Revised September 8, 2005 "Under what circumstances does it make sense to pay points?" It makes sense if you have the money and expect to have the mortgage for 3-4 years or longer. Points are fees the borrower pays ... more... |
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investment mortgage lender 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... Mortgage Broker Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more... |
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More about investment mortgage lender
Don't Overpay for a House, Even in Today's Market Best Buy to Let Mortgages Save Money on Medical Expenses Why Join the Credit Union? Better Benefits are Hard to Find! Choosing Buy-To-Let Property Insurance A Home Equity Loan Is It For You? Interest Only Loans Renters Have Much to Gain by Pursuing Home Ownership The Most Sensible Investment Decision You'll Ever Make How to Make a Wise Home Purchase and Avoid the Top 14 Home Buyer's Mistakes
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