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Mortgage Professor about understanding mortgages: | |||||||||||||||||||||||
Settlement Costs Don'ts and Do's
20 December 2004 "I know you have written extensively about settlement costs in the past, but most of it is about the reasons why they are such a difficult problem for borrowers, which I don?t really care about. Can you skip the BS and just tell me what to do?" ... more... Disclosure Rules on Adjustable Rate Mortgages August 5, 2002, Revised October 14, 2005 Adjustable rate mortgages (ARMs) pose the greatest challenge to a disclosure system because of their complexity, the wide array of different types, and the frequency with which they mutate. New types of ARMs appear frequently, and old types ... more... |
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understanding mortgages related definitions |
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Mortgage Broker
Mortgage Broker A company or a qualified person that obtains mortgages for borrowers by finding lending institutions, insurance companies or private sources to lend the money. If a person, mortgage broker called a loan officer. A mortgage broker works for you, not for the ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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