More Mortgage News

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  Per Diem Interest

  Per diem interest refers to the interest owing to the lender for the days...

  • Posted September 29, 2018
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  Mortgage Constant

  The mortgage constant is a factor that indicates how much mortgage payment will be...

  • Posted September 27, 2018
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  Required Cash

  The required cash refers to the total amount of cash a borrower needs to...

  • Posted September 26, 2018
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  Par Rate

  The par rate is the interest rate on a home loan with zero points...

  • Posted September 23, 2018
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  Underage

  When a mortgage is sold at a price lower than the posted price, it...

  • Posted September 23, 2018
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  Dual Apper

  A dual apper is a casual moniker used to describe borrowers who apply for...

  • Posted September 23, 2018
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  Buy Down

  A buy down refers to borrower paying more upfront in order to reduce the...

  • Posted September 22, 2018
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  Generic Prices

  Generic prices refer to the interest rates and costs of a mortgage when lenders...

  • Posted September 21, 2018
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  Accommodation Party

  An accommodation party is a person or entity who signs a promissory note for...

  • Posted September 21, 2018
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  Lock Jumper

  A lock jumper describes a borrower who allows a lock on a mortgage to...

  • Posted September 20, 2018
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