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Mortgage Professor about mortgage applying: | |||||||||||||||||||||||
Are Authorized Users at Risk?
January 6, 2003, revised April 23, 2003 "In applying for a mortgage recently, I found that the interest rate quoted was for someone with poor credit, which surprised me. I have never missed a payment on a mortgage, credit card or other debt in my life. My credit report, however, shows ... more... How Does a Lender Become a UML? July 9, 2003 Check the requirements to be a UML on What is An Upfront Mortgage Lender? Create a non-public UML web page. List the 5 requirements as E-LOAN has done, copying the bolded first sentence exactly as it is there. The balance of each ... more... |
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mortgage applying related definitions |
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Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... 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... |
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