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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 Tips for First Time Home Buyers Even With Credit Problems... You Can Get A Loan Within 30 Days, If You're Willing To Work At It Loan Sharks Payday loan: A Complete overview What is a Personal Secured Loan? Loan Officer Websites: Your Marketing Hub to Magnetize Realtors The Best Tactics for Getting a Quick Homeowner Loan Bad Credit Auto Loan - Your Best Options? A Guide to Finding a Low Interest Loan UK Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch
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