Mortgage Library Articles
Mortgage Terminology
Acceleration ClauseThis mortgage contract clause will require repayment of the loan's principal and interest (i.e., the full loan amount) upon default. "Default" is any type of breach.. Adjustable-Rate Mortgage (ARM)An adjustable-rate mortgage comes at a...
Acceleration ClauseThis mortgage contract clause will require repayment of the loan's principal and interest (i.e., the full loan amount) upon default. "Default" is any type of breach.. Adjustable-Rate Mortgage (ARM)An adjustable-rate mortgage comes at a...
What Is Amortization?
Amortization is the act of paying off debt through regular payments over time. A predetermined amount of every payment is reserved for interest and the rest of the payment is set towards reducing the principal balance. Therefore, a car loan and a mortgage are both...
Amortization is the act of paying off debt through regular payments over time. A predetermined amount of every payment is reserved for interest and the rest of the payment is set towards reducing the principal balance. Therefore, a car loan and a mortgage are both...
Flat Pack Homes: What Are They?
Lender 411 answers the top questions about flat pack homes and their pros and cons here. 1. What exactly is a flat pack home?. Flat pack homes general, come with everything you need for a typical house: everything from floors, walls, and ceilings to lighting fixtures, cabinets,...
Lender 411 answers the top questions about flat pack homes and their pros and cons here. 1. What exactly is a flat pack home?. Flat pack homes general, come with everything you need for a typical house: everything from floors, walls, and ceilings to lighting fixtures, cabinets,...
Do You Really Need Mortgage Protection Insurance?
Mortgage protection insurance coverage varies depending upon the company making the offer. But most provide protection for life-changing situations like temporary or permanent disability, job loss, or death of the insured.. What's the value of mortgage protection...
Mortgage protection insurance coverage varies depending upon the company making the offer. But most provide protection for life-changing situations like temporary or permanent disability, job loss, or death of the insured.. What's the value of mortgage protection...
Reverse Mortgage FAQ
The FHA’s reverse mortgage program allows equity to be taken out of a borrower’s home upon retirement. This particular mortgage program gives many qualifying senior citizens additional retirement income. However, there are pros, cons, and...
The FHA’s reverse mortgage program allows equity to be taken out of a borrower’s home upon retirement. This particular mortgage program gives many qualifying senior citizens additional retirement income. However, there are pros, cons, and...
What Is Joint Tenancy?
Ever thought buying a home was out of your reach? Ever wanted to invest money somewhere, but would prefer to dip your foot into the pool to test the waters instead of diving in head first? If so, Joint Tenancy is a viable option for anyone looking to buy a home without taking the...
Ever thought buying a home was out of your reach? Ever wanted to invest money somewhere, but would prefer to dip your foot into the pool to test the waters instead of diving in head first? If so, Joint Tenancy is a viable option for anyone looking to buy a home without taking the...
What Is the Mortgage Bankers Association?
The Mortgage Bankers Association (MBA) is the national organization for all real estate industry professionals. The organization is composed of nearly 350,000 professionals that represent mortgage, financial and real estate companies. The MBA established a...
The Mortgage Bankers Association (MBA) is the national organization for all real estate industry professionals. The organization is composed of nearly 350,000 professionals that represent mortgage, financial and real estate companies. The MBA established a...
What are the Different Types of APR?
Annual Percentage Rate a figure that represents the annual charge for borrowing, or the yearly cost of funds over the entire loan term. This figure includes any fees or additional costs associated with the transaction. The calculation helps to easily compare...
Annual Percentage Rate a figure that represents the annual charge for borrowing, or the yearly cost of funds over the entire loan term. This figure includes any fees or additional costs associated with the transaction. The calculation helps to easily compare...
Ask our community a question.
Get an answer
Related Articles
Featured Lenders
