Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about qualify: | |||||||||||||||||||||||
Do I Need an Adjustable Rate Mortgage to Qualify?
August 3, 1998 "I have been told by my loan officer that I can qualify for the loan I need only with an adjustable rate mortgage (ARM). I much prefer a fixed-rate mortgage (FRM). Is there any appeal"? Yes, but you have to shift into active mode and not allow the ... more... Borrower Guide to Adjustable Rate Mortgages September 29, 2001 Most borrowers who take adjustable rate mortgages (ARMs) need them to qualify for the loan they want. Because the initial rate on ARMs is usually lower than the rate on fixed rate mortgages (FRMs), these ... more... |
|||||||||||||||||||||||
qualify related definitions |
|||||||||||||||||||||||
Homestead Exemption
Homestead Exemption Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting ... more... Reverse Mortgage Reverse Mortgage, Reverse Annuity Mortgage, RAM A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home. A mortgage used by the elderly that provides income as a way of converting their home equity into a ... more... |
|||||||||||||||||||||||
More about qualify Adverse Credit Mortgages - Home Loans For People With Poor Credit Home Equity Loans After Bankruptcy - How Long Should You Wait To Apply Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying Real Estate Lease Option Danger Subprime Mortgage Lenders - Differences Between Subprime and Other Lenders Mortgage Loan Qualify for a Better Interest Rate Your House Is Your Biggest Investment Do You Really Just Want a Loan Advisor? The Truth About Low Interest Credit Cards High Risk Mortgage Lenders - Poor Credit? No Problem Cash Advance Payday Loans: A First Time Users Guide
|
|
||||||||||||||||||||||
|