Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about mortgage sub prime: | |||||||||||||||||||||||
Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... Penalties For Early Payment October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more... |
|||||||||||||||||||||||
mortgage sub prime related definitions |
|||||||||||||||||||||||
Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... 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... |
|||||||||||||||||||||||
More about mortgage sub prime Mortgage Companies - Prime Lenders vs Sub Prime Lenders Real Estate Investing 101 Understanding the Different Types of Lenders Buying a Home after Foreclosure - Comparing Bad Credit Lenders Sub Prime Mortgage Lenders - How to Get Approved Online Refinance Mortgage Lenders - Prime Lenders vs Sub Prime Lenders Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later Sub-Prime Mortgage Loans - Five Ways To Lower Your Rates On A Sub-prime Mortgage You Are A Poor Mortgage Candidate If High Risk Mortgage Lenders - What Are Your Options? Refinance Your Mortgage to Rebuild Credit
|
|
||||||||||||||||||||||
|