What is Mortgage Jargon - Your First Mortgage Made Easy



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Mortgage Professor about Mortgage Jargon:

Upfront Mortgage Brokers Listed by State
IMPORTANT NOTICE: BEFORE CONTACTING BROKERS LISTED BELOW, READ "HOW TO DEAL WITH A UMB" Upfront Mortgage Brokers as of December 10, 2005 Arizona Resident Brokers Keith Carothers, AZ Mortgage Dr. Fee: Negotiated on a case-by-case basis www.azmortgagedr ... more...

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...

Mortgage Jargon related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

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...

More about Mortgage Jargon

Get Free Mortgage Jargon Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Your First Mortgage Made Easy
Anyone planning to take out a mortgage for the first time will most likely find the job a little daunting, not least because the financial jargon can often be very difficult to make sense of. As with any major financial decision, it is essential to fully understand every aspect of a mortgage plan ... more...

Understanding Buy to Let Mortgage Rates
If you are a newcomer to the buy to let market; its easy to feel that everybodys speaking a foreign language. Follow our straight-talking guide for a jargon-free look at UK buy to let mortgage rates:Standard Variable Rate Buy to Let Mortgages: The interest on a SVR mortgage is set by the lender and ... more...

Defining Mortgages - Why One Mortgage Is Not Like The Other
Many a borrower has gotten hung up on mortgage lingo and financial jargon. When brokers and lenders take the time to explain one can only be more confused.Adding to the confusion is the fact that one mortgage is not like the other. Exactly what do home mortgages purport to be? Is a mortgage a loan? ... more...

Mortgage Broker Marketing: What's Wrong with Your Marketing Materials
Many times mortgage broker marketing materials fail because of some simple mistakes. The most common errors found in materials include:Feature-Focused The content of the message is focused on you, not the prospect. For example, companies often promote their years of experience in their literature, ... more...

What You Need to Know About Mortgages
Business stuff can be downright confusing especially when confronted with rates, numbers and the banking jargon that seem alien language to you. Still, you do not really have much choice as loans, interest rates and mortgages are words that you can either understand and study or risk losing the ... more...

Home Mortgage and Financing Terms
Every business has it's jargon and residential real estate is no exception. Mark Nash author of 1001 Tips for Buying and Selling a Home shares commonly used mortgage and financing terms with home buyers and sellers.-Adjustable rate mortgage (ARM): A type of mortgage loan whose interest rate is tied ... more...

Shopping for a Mortgage, Avoid Three Common Mistakes
Buying a home or refinancing one is perhaps the largest financial transaction you will ever make in your life, so you want to be sure to avoid any mistakes that may cost you in the long run.When you are deciding on a mortgage, you certainly dont want to make your decision by flipping a coin.You ... more...

Mortgage Basics for First Time Home Buyers
Anyone planning to take out a mortgage for the first time will most likely find the job a little daunting, not least because the financial jargon can often be very difficult to make sense of. As with any major financial decision, it is essential to fully understand every aspect of a mortgage plan ... more...

Bad Credit Home Purchase Loans - How To Purchase a Home with Bad Credit
Owning your home can be a reality for you even if you have bad credit. By educating yourself on the process, analyzing your credit, and shopping for lenders, you can find reasonable rates. Buying a home can also help you begin to build a solid financial future.Learning The Loan ProcessOne of the ... more...

Shopping for A Mortgage? Do Your Homework First
If you happen to be shopping around for a mortgage, it is very important that you first take the necessary time to do your homework.When I say homework, I am talking about research. There are so many loan programs out there that it is easy to get lost in all of the mortgage jargon that people in ... more...