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Mortgage Professor about mortgage contract: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sign an Exclusive Contract With a Mortgage Broker?
20 June 2005 Many borrowers are reluctant to sign a contract with a mortgage broker that bars the borrower from working with another loan provider. The following letter is typical. ?The mortgage broker I contacted asked me to sign an "exclusive agency" agreement that says I ... more... What Is Predatory Lending? November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more... |
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mortgage contract related definitions |
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Default
Default Failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on a mortgage. You'll ... more... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
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More about mortgage contract Are You Suffering from Payment Protection Overload? Mortgage Loan Avoid Predatory Lenders Think You Cant Afford Your Own Home, Think Again! Defining Common Banking Terms Thinking About Refinancing Your Loan? A Possible Bargain: Foreclosed Properties How to Convert Your Real Estate Notes into Quick Cash The Many Benefits Of Lease Purchasing A Beginner's Guide to Real Estate Investing Strategies Five Things Never To Tell Your Mortgage Lender When Facing Foreclosure
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