Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator
Mortgage Professor about stated loan: 
Stated Income Loans: Lie to Get a Better Rate?
June 20, 2005 Stated income loans are also called ?liars loans?, because in some cases, the rules virtually invite the borrower to lie. The case below is a great illustration. ?My husband makes $7,000 a month but has a credit score of 503. I make $1250 and have a score ... more...

What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more...

stated loan related definitions

Regulation Z
Regulation Z, Reg Z A federal regulation requiring creditors to provide full disclosure of the terms of a loan including the terms of the loan and the annual percentage rate (APR). APR is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate ... more...

Commitment
Commitment A promise by a lender to make a loan on specific terms or conditions to a borrower or builder. A promise by an investor to purchase mortgages from a lender with specific terms or conditions. An ... more...

More about stated loan

Get Free stated loan 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...

Why Can't We All Just Get Along - Hurricane Katrina Food For Thought
Why do they need 3 Special Reports. It seems that the Department of Defense, the Congress, and the President are all going to do special reports on what went right and what went wrong with regards to the government response to the Hurricane Katrina Disaster Victims. Before this is over I ... more...

There's a Referral for Everyone
I worked for years as a mortgage loan officer. During this time I worked with two very successful loan officers, however, their styles were polar opposite. These two guys were opposites to the point where they basically didnt like each other, and spent most of the day avoiding one another.Here are ... more...

New Orleans Mayor C. Ray Nagin Be Very Careful What You Wish For?
Mayor C. Ray Nagin of New Orleans against the advice of Fema has started to repopulate the City of New Orleans. The recent reports of Hurricane Rita has put a stop to this Repopulation order but Mayor Nagin has vowed to repopulate the city as soon as the Rita Threat passes.The big question is ... more...

Hows and Do'nts of Structuring a Business Note for Sale
Every year thousands of business notes, which is a promissory note, are created when a seller of a business takes back some of the financing of the business sale. Another name for this is 'Seller Financing' of a business sale. The majority of business notes are associated with the sale of a small ... more...

What You Don't Know About The Real Estate Process, Some Inside Secrets
Some people in the real estate industry have a terrible reputation. Why, because they deserve it. A lot of hard earned money trades hands and if things go wrong that leaves a very bitter taste in the injured parties mouths.In real estate most people stay in the house for a long time. If they don't, ... more...

Guide to Life Insurance Terms
Listed below is a useful guide to life insurance terms. It is a list of definitions of life insurance terms that may or may not be familiar to you.Accelerated Benefit ProvisionA provision in many new policies which will allow the policy owner to receive a portion of the death benefit early if the ... more...

Government Can't Ban Discrimination On Certain People
While it may indeed sound like a harsh statement, it is certainly true in that the government cannot stop the widespread discrimination against certain individuals and these are those people with less than perfect credit. This sad fact is literally destroying families and individuals alike.Over 70% ... more...

FHA Mortgage: When Your Downpayment is a Gift
There has been so much fraud discovered in the FHA program allowing gift funds for downpayment that Lenders and borrowers are required to absolutely document every step of the gift transaction to prove it was legitimate.Heres how it works: FHA allows the required downpayment to be a gift from ... more...

Real Estate Mortgage Loan: How to Prepare Yourself to Save Money
Besides your credit score and the other five qualifications you must meet to finance a real estate mortgage loan, you need to gather papers and documents. Speed up your financing and make your life easier. Organize your papers into a three-ring binder or file system. You wont need all of the ... more...

A History of Money and Banking Secrets That Banks Don't Want Published
A History of Money and TradeTo start with a history of money and debt, we must go back many years ago when people used to trade their wares for the things they wanted and needed.In place of money or Federal Reserve Notes, you could trade a well made pistol for a cow, which you could eat or trade a ... more...

Return to previous page   More articles on stated loan
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

Mortgage Indexes Info
30 Yr Fixed Rate
15 Yr Fixed Rate
5/1, 3/1 ARM
CODI
COSI
12 MTA
COFI 11th District, Federal
12 Month LIBOR (USD)
1 Year CMT
Market Indexes Info
WSJ Prime Rate
FNMA
Federal Funds
30 Year Treasury

 

ExplainingMortgages © 2005 - 2009