Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about credit unions: 
Will My Mortgage Loan Be Sold?
September 20, 1999 "I have been told that any lender I go to will probably sell my loan. Is that true? Am I justified in feeling disturbed about this?" Yes, it is true, but no, I don?t think you should be disturbed about it. A majority of borrowers deal with ... more...

Mortgage Lenders, Mortgage Brokers & Loan Officers
December 22, 2000 "What is the difference between a lender and a mortgage broker?" "What is the difference between a retail lender and a wholesale lender?" "What is a 'direct' lender ... more...

credit unions related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... 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...

More about credit unions

Get Free credit unions 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...

Getting Out of Debt - Teacher Takes Responsibility
I teach second grade. I wouldn't trade this job in for the world. As a kid when I read the book a Wrinkle In Time I couldn't believe by reading I could travel through time and be transplanted somewhere else, that's why I wanted to be a teacher. To bring new worlds to my student's eyes. To make them ... more...

Seven Ways to Consolidate Your Debt
When it comes to debt consolidation the first thing you want to do is consolidate your debt, but the first thing you should consider are all of your options. There are in fact more options and help out there than you imagined and just because you are in debt does not mean the situation is hopeless ... more...

What You Need to Know to About Your Mortgage Transaction
The Roles of A Mortgage Lender, Broker and Sales AgentBuying a home can be an exciting but confusing event, especially if it is your very first time. There are so many options for sales agents, brokers, mortgage lenders, types of mortgages and mortgage rates. It can be difficult understanding all ... more...

How to Sell Bonds
If you want to make good money with banks, or any institution, Government and agency bonds are where it is at. Simply because all Government bonds and agencies are AAA rated, and banks can buy millions of dollars of any bond without incurring any credit risk.All banks own bonds of some sort, and ... more...

10 Things to Look for in a Home-Equity Line of Credit
If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash reserves for emergencies, or pay for large expenses (like ... more...

Clean Credit Report: Easily Raise Your Credit Score 100 points
Clean Credit Reports, your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with in the last 10 years. Companies called consumer reporting agencies (cra) or ... more...

Decision Time: Home Equity Loan or Home Equity Line of Credit?
Home equity loans and home equity lines of credit continue to grow in popularity. According to the Consumer Bankers Association, during 2003 combined home equity line and loan portfolios grew 29%, following a torrid 31% growth rate in 2002. With so many people deciding to cash in on their home's ... more...

Lenders Provide a Wealth of Auto Finance Alternatives
If you are in the market to finance a new automobile, numerous lenders nationwide are currently competing for your business with a wealth of financing options at your disposal.If you have excellent credit, the sky's the limit in terms of how much financing you qualify for with interest rates that ... more...

Mortgage Companies - Different Types of Mortgage Lenders
If applying for a new home loan, there are numerous mortgage lending options. New homebuyers may not know where to start. Different mortgage lenders fit different circumstances. In fact, choosing the wrong lender may result in paying more interest. With this said, it is important for homebuyers to ... more...

Deciding Upon a Refinance Lender
Finding a good lender to refinance your mortgage can be almost as important a decision as the actual mortgage you choose. In order to make a wise selection of a refinancing lender you should make sure that you do the following four things.Know the objective of your mortgage refinanceDo you want to ... more...

Return to previous page   
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009