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Mortgage Professor about countrywide mortgages: | |||||||||||||||||||||||
Refinancing Vs Contract Modification
February 5, 2001 "I recently read an article that said that savvy borrowers could avoid the costs of refinancing by getting their lender to agree to a modification of the rate on the existing loan. If the old loan stays on the ... more... Settlement Costs Don'ts and Do's 20 December 2004 "I know you have written extensively about settlement costs in the past, but most of it is about the reasons why they are such a difficult problem for borrowers, which I don?t really care about. Can you skip the BS and just tell me what to do?" ... more... |
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countrywide mortgages 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... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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