Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about loan officer commission: | |||||||||||||||||||||||
What Is a Mortgage "Overage?"
June 23, 2003 "I eavesdropped on my loan officer and heard him say that he was on his way to a ?nice overage?. What is an overage?" It is money extracted from your pocket by the loan officer. In the high-stakes poker game that is the home mortgage market, you ... more... What Is a Sub-Prime Mortgage Lender? 22 March 2004 "I hear terrible things about sub-prime lenders. What are they, and how can I avoid them?" A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates ... more... |
|||||||||||||||||||||||
loan officer commission related definitions |
|||||||||||||||||||||||
Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... VA Loan VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... |
|||||||||||||||||||||||
More about loan officer commission What to Really Expect for Closing Costs Interest Only Loans Some of the Available Loan Types Loan Officer Marketing How to Target the Right Agents Mortgage Loan Closing Costs for Refinance Loans and Home Purchase For Sale by Owner Tips Securing the Best Mortgage Rate New Home Purchase Flipping or Fixing Houses for Profit Flipping and Fixing Houses for High Return on Investment Capital
|
|
||||||||||||||||||||||
|