What is prime mortgage - You Are A Poor Mortgage Candidate If



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Is This a Good Time For an HEL?
7 June 2004 "I have a first mortgage for 161K at 7.125%, a second for 40K at 7.5%, and 50K of credit card debt at 13-19%. We could refinance the first and second mortgages into a fixed-rate loan at 6.25%. But we could also refinance them into a home equity loan at 4% (prime ... more...

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...

prime mortgage related definitions

Warehouse Fee
Warehouse Fee Some mortgage companies borrow money on a short term basis in order to originate loans which are to be sold later in the secondary mortgage market. When the prime rate of interest is higher on short term loans than on mortgage loans, the mortgage firm has an ... more...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

More about prime mortgage

Get Free prime mortgage 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...

You Are A Poor Mortgage Candidate If
Getting a mortgage can be a difficult task for those with less than perfect credit and not a lot of assets. Unfortunately, people make mistakes when they are young by overextending their credit lines, putting themselves up to their ears in debt, living beyond their means, and not making enough ... more...

Home Loans for People with Bad Credit Using a Sub Prime Mortgage Lender
While traditional mortgage lenders may disqualify you for a mortgage, obtaining a home loan with bad credit is doable. Various lenders are in the business of lending money to people with a few credit blemishes. These may include late payments, missed payments, bankruptcy, foreclosure, etc. Sub ... more...

Sub-Prime Mortgage Loan - How Sub-Prime Loans Differ from Conventional Loans
Sub-prime mortgage loans offer more flexibility than their conventional mortgage loan cousins. With terms determined by Freddie Mac and Fannie Mae, conventional loans have strict guidelines on loan amounts, terms, and PMI requirements. With sub-prime mortgages, lenders can provide more ... more...

Bad Credit? Finance Your Home Mortgage Loan with a Sub Prime Mortgage Lender
Are you looking for a home loan with bad credit? Individuals living with bad credit know how difficult it is to obtain a home loan. Traditional mortgage lenders and banks consider you a high risk and may deny your loan application. However, it is not impossible to get a loan with bad or poor credit ... more...

Mortgage Companies - Prime Lenders vs Sub Prime Lenders
For the best rates and fees, look to a prime lender to give you top financing due to your excellent credit score. For those with poor credit, turn to a sub prime lender for reasonable rates on mortgage loans. You will also find more flexibility with a sub prime in drawing up terms and ... more...

High Risk Mortgage Lenders - Using a Sub Prime Lender Online
Sub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures. With sub prime lenders online, you can easily compare rates to find reasonable financing ... more...

Buying A Home After Bankruptcy Low Credit Score Mortgage Loans
Excellent credit is not required to buy a home. Of course, a higher rating will qualify homebuyers for a low rate and better loan programs. Still, buying a home after bankruptcy is easy. Although home loans following a bankruptcy discharge come with high rates, a home purchase is a great ... more...

Refinance Mortgage Lenders - Prime Lenders vs Sub Prime Lenders
Refinancing your mortgage can save you money through lower interest rates and smaller monthly payments. You can also choose to cash out all or part of your equity to pay off bills or to remodel your home. But which lender is best for you really depends on your credit.For those with near perfect ... more...

Home Loans for People with Bad Credit - Using a Sub Prime Mortgage Lender
While traditional mortgage lenders may disqualify you for a mortgage, obtaining a home loan with bad credit is doable. Various lenders are in the business of lending money to people with a few credit blemishes. These may include late payments, missed payments, bankruptcy, foreclosure, etc. Sub ... more...

Sub Prime Mortgage Leads
If you are a loan officer or mortgage broker interested in purchasing sub prime mortgage leads, purchasing them by way of the internet may not be a bad place to start.But before you do that, find a mortgage lead provider that can deliver exactly what you are looking for, and that is sub prime leads ... more...