What is origination - Reverse Mortgages Learn The Facts First!



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Mortgage Professor about origination:

What Is the "Price" of a Mortgage?
December 4, 2000 "I?m a first-time home buyer shopping for my first mortgage and find myself confused about what I?m shopping for. I understand interest rates (I think), but I also hear about fully-indexed interest rates, points, rebates, origination fees, junk fees ... more...

Why Origination Fees?
February 29, 2000 "After shopping rates and points at several lenders, I discovered that one of them charged an origination fee of 1 point, one charged a fee of 1/2 point, and two did not charge such a fee. Am I correct that to make valid cost comparisons, I should ... more...

origination related definitions

Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more...

Loan Origination Fees
Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more...

More about origination

Get Free origination 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...

Reverse Mortgages Learn The Facts First!
Reverse Mortgages, Most Common Features:Many offer special appeal to older adults because the loan advances, which are not taxable, generally do not affect Social Security or Medicare benefits.Depending on the plan, reverse mortgages generally allow homeowners to retain title to their homes until ... more...

Mortgage Loans 101: How to Prepare for Closing Costs
Most home buyers understand the basics of home mortgage loans. They know what a mortgage loan is, how interest works, and other fundamentals of the home loan process.But when it comes to the closing costs associated with buying a home, many of these same home buyers get caught off guard by both ... more...

Mortgage Loans 101: Who or What is Freddie Mac?
Freddie Mac can help you obtain a home mortgage loan.But while Freddie Mac might sound like a generous uncle, its more closely related to Uncle Sam. So what is Freddie Mac, and how does it help you when buying a home?Freddie Mac is the Federal Home Loan Mortgage Corporation, a private corporation ... more...

Refinancing Your Home Mortgage Loan - Is Refinancing For You?
Refinancing is the act of paying off one loan by obtaining another, using your home's equity. Refinancing is generally done to secure better loan terms, such as a lower interest rate and lower monthly payments. If you are thinking of refinancing, you should analyze your current situation to find ... more...

Debt Consolidation Mortgage Loan - Pros and Cons
Debt consolidation mortgage loans can help you lower your interest rates and monthly payments. With reduced rates, you can also pay off your debt sooner. However, reducing your equity could subject you to private mortgage rates. You may also end up spending more on interest payments by delaying ... more...

FHA Mortgage Loans - The Benefits of an FHA Mortgage
The Federal Housing Administration (FHA) insures mortgages to allow low to moderate income families to purchase their own home. With government backing, families can buy a home at a lower initial cost. However, there are limitations with this program.Mortgage Insurance Section 203(b)The FHA ... more...

Houston Mortgage Lenders
A mortgage is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. In legal terms, the creation of a mortgage gives the legal title of the land to the ... more...

Mortgage Loan Closing Costs
Closing costs for home refinancing or purchases are often misunderstood and frustrating for the buyer and seller (who is probably very soon going to be a buyer). Closing costs are assessed once a purchase agreement is finalized with the seller and/or their agent. The various costs will vary by ... more...

Online Mortgage Quote - Tips on Getting a Mortgage Quote Online
Getting your mortgage loan on the internet has many advantages and benefits, although, it is not a good choice for all homebuyers. Online mortgage loans are both quick and convenient. The application process can be completed in the privacy of your home, at your leisure.Applying for a mortgage ... more...

The Reverse Mortgage - What The Heck Is It Anyway?
Are you 62 or older and own your own home? Then, you probably qualify for a reverse mortgage.But, what the heck is it anyway? Well, if you still have a conventional mortgage ... or had one until you burned your loan papers ... this is simply the reverse of what you have or had.A reverse mortgage ... more...

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