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Mortgage Professor about mortgage knowledge: | |||||||||||||||||||||||
Why Pay Points on a Mortgage?
June 22, 1998, Revised January 10, 2003, Revised Nov. 11, 2004 "A friend from the UK told me that over there mortgage borrowers don?t pay points, just an interest rate. Why do we have to pay points here?" ... more... How Do I Get Rid of My Mortgage Escrow? April 19, 1999 "We have a perfect payment record and our loan is now about 50% of property value. The mortgage servicer keeps making errors in our escrow account and they won't pay us any interest on the balance. They ... more... |
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mortgage knowledge related definitions |
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Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... Mortgage Note Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more... |
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More about mortgage knowledge Class Action Lawsuits and Unethical Settlements What to Really Expect for Closing Costs Know Your Product Before You Sell It First Time Buyer Mortgage Key to your First Home You Will not Allow Your Mortgage to Go Astray in the Absence of Mortgage Advice Putting Benefits Before Features Ask the Expert: When Do I Refinance My Home? Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important Decisions Who's That Knocking At My Door? Investing To Rent! A Guide to Common Loan Terms
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