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Mortgage Professor about sub prime refinance: | |||||||||||||||||||||||
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 refinance 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... Prime Rate Prime Rate In North American banking, the prime rate is the interest rate a banks charge to their best or "prime" customers. Each bank will quote a prime lending rate. Many institutions quote prime rates established by large money center commercial banks such as ... more... |
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More about sub prime refinance Bad Credit Home Mortgage Refinance - Pro's and Con's of Refinancing Home Mortgage Poor Credit Home Mortgage Loans - Getting a Loan with a Low Credit Score Sub-Prime Mortgage Loans - Five Ways To Lower Your Rates On A Sub-prime Mortgage Bad Credit Mortgage Refinancing - Can You Refinance a Home with Poor Credit? Sub Prime Mortgage Lenders - 3 Tips On Getting Approved Sub-Prime Mortgage Loan - How Sub-Prime Loans Differ from Conventional Loans Bad Credit Home Loans - Dealing With Bad Credit Mortgage Companies Online Second Mortgage Sub Prime Lenders For Bad Credit Bad Credit? Finance Your Home Mortgage Loan with a Sub Prime Mortgage Lender Mortgage Companies in California How to Apply for a Mortgage
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