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Mortgage Professor about subprime: | |||||||||||||||||||||||
Why Is the Loan Rejection Rate Rising?
March 20, 2000 "I have read that in recent years loan rejection rates have increased, especially among lower-income people and minorities?Why do they continue to get the short end of the stick?" You are ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
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subprime related definitions |
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Origination Fee
Origination Fee Charge by a lender or broker connected with originating a loan; charged to prepare loan documents, make credit checks, inspect and sometimes appraise a property; usually computed as a percentage of the value of the loan. Loan origination fee usually ... more... Loan Origination Fees Loan Origination Fees Charge by a lender or broker connected with originating a loan. Different from discount points which are used to buy down the rate of interest. A point is simply one percent of the total loan amount. Loan origination fee usually varies from 0.5% to 2% ... more... |
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More about subprime Bad Credit Debt Consolidation Help Buying a House After Bankruptcy - Finding a Bad Credit Mortgage Home Mortgage Loans for People with Poor Credit - Low Credit Score Lenders Poor Credit Mortgage Refinance - Refinancing Your Home After Your Credit Score Has Dropped Buying A Home After Filing Bankruptcy Subprime Mortgages Low Down Payments And No PMI Subprime Mortgages And A Past Bankruptcy Subprime Mortgage Lenders - Sub-prime Loans Now Available Through Traditional Lenders Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams Buying a Home With Bad Credit - Why a Recent Bankruptcy Will Not Stop You From Getting Approved
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