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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... |
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loan officer commission related definitions |
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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... |
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More about loan officer commission A Critical Guide to Home Loans: Your Options and How They Affect Your Future Home Base Loan Officer Positions How Loan Decisions Are Made The Truth About Shopping for Mortgage Rates Know Your Mortgage Fees, and You'll Never Pay Too Much for Your Loan To Find The Right Loan You Must First Find The Right Lender Mortgage Loan Basics: Interest Only Loans, Pay Option ARM 11 Different Ways to Participate in The New Millennium Real State Boom Having Mortgage Calculators Calculating The Best Loan Option How to Finance and Build Your Dream Home
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