Mortgage Lender Glossary

Fannie Mae Single-Family Loan Performance Data Glossary
Fannie Mae Single-Family Loan Performance Data Glossary . person or firm other than a mortgage loan seller or lender correspondent is acting as a “broker” and receives a commission for bringing together a borrower and a lender. ... Doc Viewer

The Real Estate Marketplace Glossary: How To Talk The Talk
The Real Estate Marketplace Glossary: How to Talk the Talk Buying a home can be exciting. The fee that a mortgage lender or broker charges to apply for a Arbitration: Glossary to effect the closing of a mortgage loan, generally including, ... Access Doc

Glossary - ConveyancingBrain
Glossary July 2016 4 Lender The company providing the mortgage / money to make the purchase possible, usually a bank or building society. ... Document Viewer

Yield (finance) - Wikipedia
In finance, the yield on a security is the amount of cash (in percentage terms) that returns to the owners of the security, in the form of interest or dividends received from it. "Glossary, Initial Yield". Initial Yield Check date ... Read Article

What Is A Balloon Payment? - YouTube
An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Real Estate Glossary By: http://www.zricks.com ... View Video

Mortgage Glossary. - AIB Personal Banking
Mortgage Glossary. Annual Percentage Rate (APR) or Annual Percentage Rate of Charge mortgage will be repaid (together with interest due) within its original term. is a rate set by the lender, which may change when necessary. Terms and Conditions (T&C’s). ... Retrieve Full Source

PRM Glossary Of Mortgage Terms
PRM Glossary of Mortgage Terms Adjustable Rate Mortgage (ARM) Pre-Approval Most home sales negotiations require that prospective buyers be “Pre-Approved” by a lender prior to making an offer on the property in ... Fetch Doc

HSBC Mortgage Services
HSBC Mortgage Services Online Mortgage Glossary Click on any letter below to go to the corresponding section of this glossary. The repossession of a home by a mortgage lender, as a result of the borrower missing mortgage payments and defaulting on the loan. ... Read Document

MORTGAGE PROGRAM POLICY AND PROCEDURES FOR PARTICIPATING LENDERS
The New Jersey Housing and Mortgage Finance Agency’s Mortgage Program Policy and Procedures for Topics cover the requirements a lender must satisfy to become an NJHMFA-Approved Lender of residential mortgage loans and how to maintain that approved status. As a ... Fetch This Document

MORTGAGES TERM GLOSSARY - Personal Banking
Points or lender origination fees. MORTGAGES TERM GLOSSARY. 2 Home Inspection Mortgage lenders often require a borrower to maintain an amount of homeowners insurance on the property equal to the amount of the mortgage loan or the insurable value of the ... Access Doc

Glossary Of Terms
Glossary of Terms Adjustable-Rate-Mortgage (ARM) A loan with an interest rate that changes with market conditions on pre-determined dates. Oregon Mortgage Lender License #ML-3256; Utah DRE Mortgage Entity License #6967176; and ... Access Full Source

What Is An Annual Percentage Rate (APR)? - YouTube
Welcome to the Investors Trading Academy talking glossary of financial terms and events. What is an Annual Percentage Rate (APR)? Investor Trading Academy. Loading APR or Annual Percentage Rate is the rate of interest a lender charges to a borrower over a yearly period. ... View Video

Essential Terms For SBA Loans - TMC Financing
Essential Terms For SBA Loans. TMC Financing is committed to help guide you through every step of the SBA loan process. We created this glossary for your reference during the mortgage lender, borrower, brokers and escrow agent to ... Retrieve Document

Residential Mortgage Survival Guide - Leader Bank
Residential Mortgage Survival Guide The perfect resource for First-Time Homebuyers Written by Bryan Kurzman, - Your lender may conduct a final credit check to ensure there have not been any new inquires in to your credit profile Helpful Hint ... Visit Document

11656 Lending Glossary English - BMO Bank Of Montreal
Lending Glossary Additional interest: The amount sometimes charged by the bank when you prepay principal or renegotiate the terms of your mortgage. ... Fetch Here

Your Step-by-Step Mortgage Guide - Freddiemac.com
7. Glossary of Mortgage Terms mortgage process, as well as the role of the many professionals involved, will make the mortgage process much less intimidating. Getting Started the lender at closing and over the life of the loan. ... Read Content

Loan Terminology Glossary - Pepperdine University
Loan Terminology Glossary . Beneficiary: The lender on the note secured by a deed of trust. Borrower: An eligible person who will be primarily responsible for the repayment of a loan. Mortgagee: A lender or creditor who holds a mortgage or Deed of Trust. ... Doc Retrieval

Page 1 of 5 Glossary – AMP1: Residential Mortgage Underwriting from a Lender’s Perspective . Term Definition B-20 See Guideline B-20 GDSR See Gross Debt Service Ratio ... Return Document

MORTGAGE GLOSSARY - Mortgage Lending Company
MORTGAGE GLOSSARY. ACTUAL CASH VALUE. An lender for a complete list of closing cost items. C. OLLATERAL. Property which is used as security for a debt. In the case of a mortgage, the collateral would be the house and property. CONDOMINIUM. A unit in a multiunit building. ... Retrieve Content

Standard NMLS Mortgage Call Report Field Definitions ...
Standard NMLS Mortgage Call Report instructions and data formatting requirements for the Standard NMLS Mortgage Call Report (Standard MCR). The document contains three sections: 1. Glossary of General Terms - definitions for terminology used throughout the rest of the document 2. ... Get Doc

Annual Percentage Rate - Wikipedia
The term annual percentage rate of charge then the lender must re-disclose and wait yet another three business days before closing on the This also explains why a 15-year mortgage and a 30-year mortgage with the same APR would have different monthly payments and a different total amount ... Read Article

Glossary Of Commercial Mortgage Terminology - LendingApps
Glossary of Commercial Mortgage Terminology Glossary of Commercial Mortgage Terms (Building) Glossary abbreviation for Building tab. A quoted or estimate fee to cover the cost of the appraisal required by the lender to obtain a mortgage. Appraised Value ... Fetch This Document

Right Of First Refusal - Wikipedia
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. ... Read Article

Mortgage Glossary - Fnbsotx.com
Mortgage Glossary Acceleration Clause Provision in a mortgage that allows the lender to demand payment of the entire principal balance if a monthly ... Read More