Tag: Mortgages
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Mortgage Servicing
Mortgage Servicing in the United States Mortgage Servicer A servicer may service loans on behalf of itself or an affiliate. It may service as a contractor of the trustee where a mortgage is included in a mortgage-backed security, or it may service whole loans for an outside third-party […]
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Prepayment Penalty
Prepayment Penalty in the United States Prepayment Penalty in Mortgage Law In the field of mortgage refinancing, a concept of Prepayment Penalty may be the following: Extra fees that may be due if you pay off your loan early by refinancing the loan or by selling the home. The penalty is […]
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Prepayment Penalty
Prepayment Penalty in the United States Prepayment Penalty in Mortgage Law In the field of mortgage refinancing, a concept of Prepayment Penalty may be the following: Extra fees that may be due if you pay off your loan early by refinancing the loan or by selling the home. The penalty is […]
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Loan Origination Fees
Loan Origination Fees in the United States Loan Origination Fees in Mortgage Law In the field of mortgage refinancing, a concept of Loan Origination Fees may be the following: Fees charged by the lender for processing a loan; often expressed as a percentage of the loan amount. Loan Origination […]
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Principal
Principal in the United States Principal Definition Leading; chief; more important. This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons. In estates, principal is used as opposed to incident or accessory, to denote the […]
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Good Faith Estimate
Good Faith Estimate in the United States Good Faith Estimate in Mortgage Law In the field of mortgage refinancing, a concept of Good Faith Estimate may be the following: An estimated breakdown of the costs of a mortgage loan. The Real Estate Settlement Procedures Act (RESPA) requires your […]
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Good Faith Estimate
Good Faith Estimate in the United States Good Faith Estimate in Mortgage Law In the field of mortgage refinancing, a concept of Good Faith Estimate may be the following: An estimated breakdown of the costs of a mortgage loan. The Real Estate Settlement Procedures Act (RESPA) requires your […]
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Refinancing
Refinancing in the United States Refinancing in Mortgage Law In the field of mortgage refinancing, a concept of Refinancing may be the following: The process of paying off an existing mortgage by taking out a new mortgage. Refinancing in Mortgage Law In the field of mortgage refinancing, a […]
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Lock-in Agreement
Lock-in Agreement in the United States Lock-in Agreement in Mortgage Law In the field of mortgage refinancing, a concept of Lock-in Agreement may be the following: A written agreement guaranteeing a homebuyer a specific interest rate on a home loan provided that the loan is closed within a […]
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Escrow
Escrow in United States Escrow Definition The delivery of a deed or other instrument, actually executed and ready for delivery to a stranger ( according to the definition of Escrow based on the Cyclopedic Law Dictionary ) to the instrument, to be by him delivered to the person for whose […]
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Interest Rate
Interest Rate in the United States Initial Interest Rate in the context of Real Estate Resurces See Also Start Rate Interest Rate Buydown Plan in the context of Real Estate Resurces See Also Buydown Interest Rate in Mortgage Law In the field of mortgage refinancing, a concept of Interest […]
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Interest Rate
Interest Rate in the United States Initial Interest Rate in the context of Real Estate Resurces See Also Start Rate Interest Rate Buydown Plan in the context of Real Estate Resurces See Also Buydown Interest Rate in Mortgage Law In the field of mortgage refinancing, a concept of Interest […]
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Cash-out Refinancing
Cash-out Refinancing in the United States Cash-out Refinancing in Mortgage Law In the field of mortgage refinancing, a concept of Cash-out Refinancing may be the following: When refinancing, taking a loan for more than you owe on your existing mortgage. Your existing mortgage is paid off and […]
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Cash-out Refinancing
Cash-out Refinancing in the United States Cash-out Refinancing in Mortgage Law In the field of mortgage refinancing, a concept of Cash-out Refinancing may be the following: When refinancing, taking a loan for more than you owe on your existing mortgage. Your existing mortgage is paid off and […]
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Amortization
Amortization in United States Amortization Definition An alienation of lands or tenements in mortmain. The reduction of the property of lands or tenements to mortmain. As to financial matters, the extinguishment of an obligation or liability, generally by means of a sinking fund. […]