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Pitfalls in the Financing of Home Construction
March 22, 1999 " My wife and I are considering having a house built for us and I would like to know the basics of combination construction/permanent mortgages. What do we look out for?" Construction can ... more... How Much Do Mortgage Brokers Make? April 9, 2001 "You have written a lot about how borrowers need to protect themselves against hidden charges by mortgage brokers, but you haven?t indicated how much is too much. Do you have any information on how much brokers actually charge?" ... more... |
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loans related definitions |
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Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Negative Amortization Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more... |
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