Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about loan contract: | |||||||||||||||||||||||
Sign an Exclusive Contract With a Mortgage Broker?
20 June 2005 Many borrowers are reluctant to sign a contract with a mortgage broker that bars the borrower from working with another loan provider. The following letter is typical. ?The mortgage broker I contacted asked me to sign an "exclusive agency" agreement that says I ... more... What Is Predatory Lending? November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more... |
|||||||||||||||||||||||
loan contract related definitions |
|||||||||||||||||||||||
Default
Default Failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on a mortgage. You'll ... more... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
|||||||||||||||||||||||
More about loan contract Home Insurance Terms Subprime Mortgage Loans - 3 Questions To Ask Your Subprime Mortgage Broker Mortgage Refinancing Where to Start Cashing Out of Preforeclosures - Exit Strategies for Maximum Profit Negotiating the Sale of Your Home Finding Structural Problems During Escrow Small Rural Home Example Mortgage Refinancing Get It Sorted and Save VA Home Loan Information - Buying A House With A VA Loan Negotiating the Purchase of Your Home 10 Tips for Investing in Distressed or Foreclosed Properties
|
|
||||||||||||||||||||||
|