More Mortgage News

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  Open-end Mortgage

  An open-end mortgage is a home loan that allows borrowers to draw future advances...

  • Posted January 10, 2019
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  Call Provision

  A call provision is a clause written into loan contracts whereby lenders are given...

  • Posted November 29, 2018
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  Lender Liability

  Lender liability refers to certain areas of law concerning various types of wrongdoing by...

  • Posted November 27, 2018
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  Lead Lender

  A lead lender is a lender that originates a loan and retains ownership of...

  • Posted November 21, 2018
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  Defeasance

  Defeasance refers to the process whereby the legal title of a property is transferred...

  • Posted October 4, 2018
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  Dragnet

  A dragnet clause in a mortgage contract enables a lender to link a borrower’s...

  • Posted October 4, 2018
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  Due On Sale

  The due on sale clause is a provision contained in a mortgage contract the...

  • Posted October 2, 2018
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  Portfolio Lender

  A portfolio lender is a lender that don’t just originates loans, but also holds...

  • Posted October 1, 2018
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  Home Equity Line Of Credit

  A home equity line of credit, HELOC in short, is a mortgage set up...

  • Posted September 30, 2018
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  Prime Rate

  The prime rate is the commercial interest rate that lenders charge to their best...

  • Posted September 29, 2018
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