Tag: Refinancings
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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. […]
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Payment Cap
Payment Cap in the United States Payment Cap in Mortgage Law In the field of mortgage refinancing, a concept of Payment Cap may be the following: A limit on the amount that your monthly mortgage payment on a loan may change, usually a percentage of the loan. The limit can be applied each time […]
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Annual Percentage Rate
Annual Percentage Rate in United States Annual Percentage Rate Definition Apr in this legal EncyclopediaAnnual Percentage Rate definition in the Law Dictionary Annual Percentage Rate in Foreign Legal Encyclopedias LinkDescription Annual Percentage Rate, Annual Percentage Rate in the World […]
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Points
Points in the United States Points (also Called Discount Points) in Mortgage Law In the field of mortgage refinancing, a concept of Points (also Called Discount Points) may be the following: One point is equal to 1 percent of the principal amount of a mortgage loan. For example, if a mortgage […]
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Appraisal Fee
Appraisal Fee in the United States Appraisal Fee in Mortgage Law In the field of mortgage refinancing, a concept of Appraisal Fee may be the following: The charge for estimating the value of property offered as security. Appraisal Fee in Mortgage Law In the field of mortgage refinancing, a […]