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Avoiding Mortgage Predators
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

How Do You Avoid Mortgage Predators?
August 20, 2001 ?I read a lot about predatory lending.  How do I avoid becoming a victim??    To educate myself on what makes a victim, I recently studied 51 case histories of households ... more...

first national mortgage sources loan advisor related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

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Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

What Is A FHA Loan?
Most of us need to borrow some money at least at one point of time in our life. When we want to buy a car, to study at the College or University, when we want to buy a house or home, when we need money to start our own business - even when we use our credit cards.There are many types of loans and ... more...

First Time Buyer Mortgage Key to your First Home
Living in a rented apartment since long. Ever thought of the disadvantages of staying as a tenant. Besides losing your freedom to the whims and fancy of the landlord, your hard earned money is going down the drains. Of course, to nourish the landlords finances; such that he is planning to buy a new ... more...

Ending Your Private Mortgage Insurance Early
Private mortgage insurance, or PMI, is the safety net of the lender. PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties.If a borrower makes a down payment of 20% of the cost of the home, the lender can generally trust that he ... more...

First Time Home Buyer Loans - Home Buying Advice for First Timers
Purchasing your first home is an exciting and scary time. For the most part, new homebuyers are unfamiliar with the home buying process. Before accepting a mortgage loan, it is important to educate yourself on various loan programs. Furthermore, first time home buyers should be aware of ... more...

Finding a Mortgage Loan with Bad Credit
If you have bad credit, you might think that you'll never be able to find a lender willing to offer you a loan for some of the better things in life... especially high-value loans such as a mortgage loan to buy the house of your dreams. You'll be relieved to know, however, that a variety of lenders ... more...

Home Equity Loans in Texas
A few notes of importance: This only applies to a homestead property, that is the customers primary residence LTV refers to Loan to Value, meaning the loan amount as compared to the value of the home. As an example, a loan of $75,000 on a home valued at $100,000 would be a loan at 75% LTV. These ... more...

The Zero Down 80/20 Mortgage
This is an excellent loan for those that are lacking the down payment required for other types of mortgages.The 80 20 mortgage is simply two loans for 100% of the purchase price. It is a first mortgage at 80% of the purchase price with a 20% second mortgage.If you are a conforming borrower, doing ... more...

How Does a Mortgage Work
Almost anyone can get a mortgage so unless you have unbelievably bad credit you will have no problem getting a mortgage for your new home. If you have a few blemishes on your credit report you will still be able to get a home mortgage loan. You can find mortgages online and offline that can hook ... more...

11 Steps Away From Buying a Home
There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners. With so many people entering the market, it is inevitable that questions will arise ... more...

Home Loans for Credit Challenged Borrowers
Just because you have negative items on your credit report doesn't mean you can't obtain a home mortgage loan. There are options for you. Bad credit is not the end of the world. It's true that getting a bad credit mortgage loan is not always the easiest or fastest mortgage loan out there, but you ... more...

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