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Mortgage Fraud and Belief in a Good Fairy
October 4, 2004 "I have heard that if a lender makes a mistake in servicing your loan, he must forgive the entire remaining balance. Is that true?" Not a chance! If it were true there wouldn?t be any lenders left. This is an illustration of what I call the "good fairy ... more... What Mortgage Market Niche Are You In? October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more... |
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mortgage iterest survey balance brokers interest credit related definitions |
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Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
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