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Mortgage Professor about 80 10 10 loan: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
How Much Should I Put Down?
March 7, 2005 The Down Payment Decision: Borrower Can Put Nothing Down In answering this question, I place borrowers into three groups. One group has no money for a down payment, so they have no down payment decision to make. Their problem is qualifying for a loan without a ... more... What Do Fannie Mae and Freddie Mac Do? March 10, 2003 "What are Fannie Mae and Freddie Mac, and what do they do?" Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs). This means that they are privately owned, but receive support from the Federal Government, and assume some public ... more... |
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80 10 10 loan related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... VA Loan VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... |
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