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Will Mortgage Lenders Count Anticipated Income?
April 5, 1999 "My husband and I are physicians in our last year of residency (to be completed in 6/99) and are looking to purchase a multi-family unit building. We will probably be applying for a loan in 4/99. Will we be able to borrow more based on the fact that ... more... Does Mortgage Brokerage Attract Rogues? July 5, 1999 "You have had some unflattering things to say about mortgage brokers... Do you believe that the industry attracts rogues?" I don?t believe that the industry attracts more than its share of rogues, but it ... more... |
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multi family mortgage related definitions |
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Shared Appreciation Mortgage, SAMt
Shared Appreciation Mortgage, SAM A mortgage in which a borrower receives a below-market interest rate in return for which the lender (or another investor such as a family member or other partner) receives a portion of the future appreciation in the value of the property. May also ... more... Standard Uniform Loan Application, Form 1003 Standard Uniform Loan Application, Form 1003 A standard loan application widely used in the mortgage industry. Lenders use Fannie Mae Form 1003 to record relevant financial information about an applicant who applies for a conventional one- to four-family mortgage. Download ... more... |
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