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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...

mortgage contract related definitions

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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Get Free mortgage contract Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

The Many Benefits Of Lease Purchasing
Lease Purchasing affords wonderful benefits and opportunities to sellers, buyers, investors and those who would like to operate a home-based business. Lease Purchasing allows you to control property without ownership which has benefits for all. What Is A Lease Purchase? A Lease Purchase is a ... more...

Defining Common Banking Terms
Banking is one of the most important industries in the world today the economy of every country in the world flows through the various banks and financial institutions that exist in the world.There are times, though, that some of the terminology that's used in banks and the banking industry might ... more...

Thinking About Refinancing Your Loan?
Refinancing your home or property is a big decision that could drastically affect your financial future, for the good or the bad, depending on how smart you go about the process. Take the time to explore all of the different refinancing options you have available to you. Many loan agents offer ... more...

A Possible Bargain: Foreclosed Properties
In the superheated San Francisco Bay Area property market, foreclosed properties are available at as much as 40% below market value, writes Srini Saripalli.The last few months of a calendar year are considered sluggish for transacting real estate, but Silicon Valley seems to be an exception to ... more...

Think You Cant Afford Your Own Home, Think Again!
Do you have bad credit, no credit, filed a bankruptcy, have a ton of late pays, medical bills, or been through a divorce? Well, we have the perfect solution for you - Lease Purchasing your own home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an ... more...

How to Convert Your Real Estate Notes into Quick Cash
If youre a real estate investor needing quick cash, selling your notes could offer a fast, easy solution. It can happen to anyone. You find yourself in a situation where you need a chunk of cashinstantly. Maybe you have to handle an emergency or simply want to free up funds to invest elsewhere. ... more...

Are You Suffering from Payment Protection Overload?
Critical illness insurance:Critical illness insurance will cover you in the event of a serious illness such as cancer, coronary artery by-pass surgery, heart attack, kidney failure, major organ transplant, multiple sclerosis and stroke. Additional conditions covered by this insurance can include ... more...

A Beginner's Guide to Real Estate Investing Strategies
If you're thinking about investing in real estate to make money, you need to first determine your financial goals. Do you need to make money quickly, invest for your children's college fund, or build wealth for your retirement? What's the difference between income and investment property?If you're ... more...

Five Things Never To Tell Your Mortgage Lender When Facing Foreclosure
1. Never discuss your household finances over the phone with the collection department. What you dont know is that you are being qualified and not know it. This is the easiest and fastest way to get a turn down. Request a homeowners assistance package so that you can submit the require information ... more...

Mortgage Loan Avoid Predatory Lenders
When you are in the market for a mortgage or a home equity loan you want to steer clear of predatory lenders. Predatory lenders take advantage of homeowners with excessive fees, penalties, and rates. Here is all you need to know to avoid bad lenders.Pick an Honest LenderFinding a reputable ... more...

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