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Mortgage Professor about sub prime mortgage: | |||||||||||||||||||||||
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... Penalties For Early Payment 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... |
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sub prime mortgage related definitions |
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Non Conforming Loan
Non Conforming Loan A loan that does not meet the Fannie Mae or Freddie Mac underwriting guidelines. This is also known as a portfolio mortgage. The loan can't be sold on the secondary market so it must keep it and service it in its own portfolio. Non-conforming loans have ... more... Mortgage Baked Securities, MBS Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... |
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More about sub prime mortgage Mortgage Companies - Prime Lenders vs Sub Prime Lenders You Are A Poor Mortgage Candidate If High Risk Mortgage Lenders - What Are Your Options? Refinance Your Mortgage to Rebuild Credit Sub Prime Mortgage Lenders - How to Get Approved Online Buying a Home after Foreclosure - Comparing Bad Credit Lenders Sub-Prime Mortgage Loans - Five Ways To Lower Your Rates On A Sub-prime Mortgage Real Estate Investing 101 Understanding the Different Types of Lenders Refinance Mortgage Lenders - Prime Lenders vs Sub Prime Lenders Poor Credit? Get a Sub-Prime Mortgage Now, and Refinance to a Conventional Mortgage Later
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