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Mortgage Professor about What Does Neg Am Mean: | |||||||||||||||||||||||
What Are "Free" Mortgage Rate Locks?
May 4, 1998 "A lender I solicited offered me a ?free? 60-day rate lock. What exactly does that mean? I am always suspicious of anything that is offered free." A rate lock probably has value to you but you are right to suspect that it is not being given away free. Capital markets ... more... Does "No-Cost" Mortgage Refinance Make Sense? January 29, 2001, Revised November 1, 2002, August 17, 2004 "I see advertisements for "no-cost" refinancing that sound too good to be true. Is it possible to reduce my rate without it costing me anything?" ... more... |
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What Does Neg Am Mean related definitions |
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Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for 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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