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HUD and Yield Spread Premiums
October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers.  To this date, HUD has been impotent in dealing ... more...

List of Upfront Mortgage Brokers
IMPORTANT NOTICE:  BEFORE CONTACTING BROKERS LISTED BELOW, READ  "HOW TO DEAL WITH A UMB" Upfront Mortgage Brokers as of December 10, 2005    Jeremy AaronsonTMG FinanceOffice location: CaliforniaOther state licenses: New Mexico and ... more...

mortgage par rate related definitions

discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more...

Back End Pionts vs Front End Points
Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker ... more...

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Get Free mortgage par rate 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...

Understanding Fixed-rate Mortgages
A fixed-rate mortgage is a mortgage on which the interest rate is set for the term of the loan. Your interest rate stays the same for the term of the mortgage or for a specified period of time. Most people use a fixed-rate mortgage. In fact, about 75 percent of all home mortgages have fixed rates. ... more...

Refinance Mortgage Rate and Mortgage Rates
Refinance mortgage rate is the best rate available to qualified homeowners for refinancing their current home mortgage. Refinance mortgage rates vary from product to product and customer to customer. A consumer with excellent credit will qualify for the very lowest and best refinance mortgage rate ... more...

Fixed-To-Adjustable-Rate-Mortgage
What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers fixed payments for an initial loan period of up to10 years then followed by an adjustable interest rate for the remaining term of your mortgage. Payments are usually lower than most fixed rate mortgages.Why should you ... more...

What Is The Best Deal For A Mortgage?
Few of us invest the time and effort into researching and securing the best deal for a mortgage to purchase our home.For most of us, our house is the single most important and expensive purchase we ever make!We invest a lot of time and effort into finding the perfect property in the best location ... more...

First Time Home Buyers - Get Your Top 5 Mortgage Questions Answered Here!
Buying a home for the first time can be a little rattling, as it is a huge financial investment and responsibility that will stay with you for years. If you are not familiar with how to buy a home and get a mortgage, then use this information to get a little insight as to what a mortgage is, and ... more...

Adjustable Rate Mortgage Use Rising Interest Rates to Your Advantage
You found your dream house; however, qualifying for a traditional fixed rate mortgage is proving to be difficult. Your debt-to-income ratio may be too high or your credit score might be too low. The same might be true of the existing mortgage holder that wants to refinance and cash out equity in ... more...

Home Loans
Buying a home remains the great American dream. Home ownership rates have been exploding in recent years, spurred on by the historically low interest rates in the home mortgage market. Home prices have been rising at far faster than inflation, especially in major urban areas such as San Francisco, ... more...

Adjustable Rate Mortgage Avoid a Heinous Mortgage Mistake
Adjustable Rate Mortgages tempt homeowners with low introductory payments. If youre not careful this adjustable interest rate could turn into an ugly nightmare. Here is what you need to know about Adjustable Rate Mortgages.Mortgage lenders often advertise adjustable rate mortgages with a ... more...

Top 5 Things You Need to Know About Your Mortgage!
Mortgages tend to be complicated with varying interest rates, terms, numerous fees and conditions that can greatly impact the final outcome, or better represented by the money spent to borrow the money to buy a new home. There are financial advisors, mortgage lenders, loan officers, and other ... more...

Fixed Rate Mortgage or ARM? Which is Better?
The fixed rate mortgage offers the certainty of a constant monthly payment, but an adjustable may seduce you with its lower payment. Security or affordability? Which do you choose? Just what is a home buyer to do?Which loan you eventually choose may depend more upon your personality than a careful ... more...

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30 Yr Fixed Rate
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5/1, 3/1 ARM
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12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
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