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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... |
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mortgage sub prime related definitions |
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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... |
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More about mortgage sub prime Financing a Home With Bad Credit Financing Houses 100% Mortgage Refinancing - How to Get Approved Buying a Home With Poor Credit Is Easier Than Ever Home Loans For People With Bad Credit - Tips To Getting Approved Online Sub-Prime Mortgage Company - 4 Signs of a Predatory Sub-Prime Lender Getting the Best Mortgage Rates in Florida with a Poor Credit History Subprime Hybrid Mortgages Sub Prime Mortgage Lenders - 3 Tips On Getting Approved Home Mortgage Loans for People with Bad Credit - Finding the Best Low Rate
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