Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about retail lender: | |||||||||||||||||||||||
Questions About Mortgage Brokers and Lenders
June 24, 2002 I get tons of mail from borrowers who are confused about the differences between lenders and mortgage brokers, and how these differences matter. "What is a mortgage broker?" A mortgage broker is a loan provider who offers the loan products of different ... more... Are Mortgage Prices Negotiable? January 3, 2005 When Are Mortgage Prices Negotiable: the General Rule The general rule is that interest rates and points are negotiable when the person the borrower is dealing with has the discretion to change them. (Points are an upfront charge expressed as a percent of the ... more... |
|||||||||||||||||||||||
retail lender related definitions |
|||||||||||||||||||||||
discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more... Back End Pionts vs Front End Points Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker ... more... |
|||||||||||||||||||||||
More about retail lender 3 Things To Look For in a Florida Mortgage Lender Online Refinance Mortgage Lenders - Finding The Best Refinance Lender How to Choose Your Real Estate Lender Ending Your Private Mortgage Insurance Early Subprime Mortgage Loans - Which Lenders Should you Avoid? Refinancing Your Home After Bankruptcy - Tips On Finding The Best Lender Compare Mortgage Rates for Refinancing - How to Compare Lenders A Beginner's Guide to Secured Loans Bad Credit Home Financing - Choosing a Subprime Mortgage Lender Everything You Need to Know About a Secured Loan
|
|
||||||||||||||||||||||
|