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Mortgage Banker |
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Mortgage BankerA company providing mortgage financing with its own funds rather than simply bringing together lender and borrower, as does a mortgage broker. Although the mortgage banker used its own funds, these funds are generally borrowed and the financing is either short term or, it long term, the mortgages are sold to investors (many times insurance companies) within a short time.Mortgage Banker Similar MatchesPurchase money mortgagePurchase money mortgageA mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the purchase of property. Full status mortgageFull status mortgageA full status mortgage is for people who wish to make a lender aware of any previous arrears or debt problems they may have had. If they do not make the lender aware of these facts and they are latetr discovered, his could lead to all sorts of problems and the borrower could even be forced to sell the home. If you have a bad credit record some lenders will regard lending you money a high-risk activity. Many will not lend you money at all and when you can get a loan, you will undoubtedly have to pay a higher rate of interest than you would otherwise. Wraparound mortgageWraparound mortgageA loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan. Self amortizing mortgageSelf amortizing mortgageMortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments. Mortgage agreement in principleMortgage agreement in principleAn expression of a mortgage lender's willingness to enter into an agreement subject to other conditions being met, such as credit checks and a satisfactory property valuation. Further SuggestionsMortgage deedMortgage servicing Balloon mortgage Cooperative mortgages Mortgage pipeline risk Blanket mortgage Lehman Brothers Mortgage Backed Securities Index shared appreciation mortgage First mortgage Mortgage Insurance commercial mortgage Mortgage types Mortgagee Non status mortgage Guarantee mortgage senior mortgage bond Mortgage lien Wraparound mortgage Mortgage application Veterans Administration (VA) mortgage Lehman Brothers Adjustable Rate Mortgage Index Commercial Mortgage Backed Securities Fixed term reverse mortgage Alternative mortgage instruments Mortgage Servicing |
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