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Mortgage Professor about installment loans: | |||||||||||||||||||||||
Can the First Payment Be Collected Early?
Revised April 30, 1999 " We recently refinanced our first mortgage and a home equity line of credit with the closing on June 17,1998. The mortgage broker said that monthly payments would start on Aug. 1 but the lender demanded a payment on July 1. Upon researching the loan ... more... Pitfalls in the Financing of Home Construction March 22, 1999 " My wife and I are considering having a house built for us and I would like to know the basics of combination construction/permanent mortgages. What do we look out for?" Construction can ... more... |
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installment loans related definitions |
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Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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More about installment loans Debt Consolidation Loans in UK and Their Nitty Gritty Avoiding Complications in Credit Repair Shrug Off Your Debt Burden: Take An Unsecured Debt Consolidation Loan Planning for Your Financial Future Mortgage Cycling: Mortgage Free in Ten Years California Mortgage Refinancing How Much Home Loan Can I Afford? What Is A FICO Score? Filling Out The Loan Application Secured Personal Loans Providing An Extra Edge
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