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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for. 1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more... When Are Points on a Mortgage a Good Investment? March 15, 1998, Revised September 8, 2005 "Under what circumstances does it make sense to pay points?" It makes sense if you have the money and expect to have the mortgage for 3-4 years or longer. Points are fees the borrower pays ... more... |
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investment mortgage lender related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more... Mortgage Broker Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more... |
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More about investment mortgage lender Understanding Mortgage Points Flipping and Fixing Houses for High Return on Investment Capital Getting a Mortgage Quote Online Bad Credit History?How Financing and Buying a Home Can Help You Improve Your Financial Situation Getting 100% Financing With Bad Credit - Is No Down Payment a Good Idea? What is a Bridge Loan? Mortgage Loan - How to Streamline the Application Process Home Buyer's Hidden Costs Real Estate Investing: How to Choose a Lender Tips for Getting Home Loans from the Right Lenders
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