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Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more...

Penalties For Early Payment
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more...

installment note related definitions

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...

Untitled Document
Defereed Interest When a mortgage is written with a monthly payment that is less than required to satisfy the note rate, the unpaid interest is deferred by adding it to the loan balance. See negative ... more...

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Get Free installment note 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...

A Crash Course On The Payout Options Available To You When Selling A Mortgage Note
Okay, let's take a look at the typical payout options:Full Purchase - The investor buys the entire note. This alleviates the seller of the responsibility to collect payments in the future.Straight Partial - The investor purchases a predetermined number of payments in order to meet the seller's cash ... more...

How your Personal Credit Score Helps Generate Capital
Generating capital for your business is highly dependent on your personal credit score. Your Payment History makes up 35% of your entire personal credit score. The other key indicators that make up your credit score are Length of Credit History, New Credit, Types of Credit Used, and Amounts Owed. ... more...

Taking Notes in Picture Form - A Powerful Strategy for Visual-Spatial Kids
Who are visual-spatial learners? Visual-spatial learners, or VSLs, are those among us with powerful gifts of the right hemisphere. They are our artists, inventors, builders, creators, musicians, computer gurus, visionaries and healers. They are empathic and often very spiritually aware, even when ... more...

Mortgage Loans
A mortgage is a device used to create a lien on real estate by contract. The mortgage is an instrument that the borrower (called the mortgagor) uses to pledge real property to the lender (called the mortgagee) as security for a debt, also called hypothecation. The mortgage, as a rule, consists of ... more...

A Little Lesson on Loans
The opportunity to spend money is everywhere. There is no shortage of places that will take your cash. In fact, to keep the money flowing out of your wallet, banks and merchants continually come up with easier ways for you to spend it.But when it comes to borrowing money, suddenly the cash pipeline ... more...

Understanding Real Estate Terminology
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.For ... more...

Figuring Out the Ever Nebulous Numbers Called "Credit Scores"
Credit Score FactorsThe information contained on our credit reports affect every aspect of our lives; including employment, insurance, and even interest rates (mortgage, credit cards, automobiles, etc.). There is specific information captured on our report which is used to form our credit score: ... more...

Investment Real Estate Secret: Buy a House Today, With No Money Down
If youve read my article Purchasing Property With No Money Down. . . todays article may seem a bit conflicting. Bear with me, though, and youll see that it is not. In Purchasing Property With No Money Down. . ., I explain how buying up property at inflated values at a break-neck pace is no way to ... more...

10 No Money Down Ways to Buy Real Estate
Turn the Television on any Sunday morning and youll find yourself in the middle of a how to buy real estate infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is yes and no. The real question is ... more...

Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
You've been looking at houses for months, and finally youve found it--the house that's just right. So now, all you have to do is to purchase your new home, move in, and get settled, right? Not quite. Theres one more big step to go-getting a mortgage loan. Youre going to want to decide on the type ... more...

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