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Mortgage Professor about home loan terms: 
Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more...

Should Mortgage Borrowers With Poor Credit Shop?
October 25, 1999 "You keep saying that home buyers ought to shop for the best mortgage terms, but suppose your credit rating sucks? Won't I have trouble finding a lender who will even deal with me, let along find a lot of them ... more...

home loan terms 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...

Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more...

More about home loan terms

Get Free home loan terms Quotes and Estimates

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...

Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
If you are among the millions with less than perfect credit, there are many sources available to you in obtaining a mortgage. Lenders that specialize in mortgages for those with bad credit are competing for your business. The lender will analyze your credit report, credit score, debt-to-income ... more...

Sub-Prime Mortgage Loan - How Sub-Prime Loans Differ from Conventional Loans
Sub-prime mortgage loans offer more flexibility than their conventional mortgage loan cousins. With terms determined by Freddie Mac and Fannie Mae, conventional loans have strict guidelines on loan amounts, terms, and PMI requirements. With sub-prime mortgages, lenders can provide more ... more...

Zero Down Home Financing - No Money Down Mortgage Loans
Zero down home financing helps you buy a house with little out of pocket expense. Instead of depositing $60,000 to $20,000 to get in your home, the most you will pay are closing costs of a few thousands. No money down can also help you buy a vacation home without completely depleting your ... more...

Taking the Time to Find a Homeowner Loan UK
Trying to find a good homeowner loan UK can end up being quite confusing at first. The commercials and advertisements that you usually see for a homeowner loan UK use terms like equity and collateral that you might not fully understand and yet there's no real explanation to be found within the ... more...

Finding the Best Home Improvement Loan Rate
If you're looking for a good home improvement loan rate, you might have to take your time and shop around a little bit.The home improvement loan rate that you get can depend on several factors your credit history, the amount of the loan you're requesting, national interest rates, and even the ... more...

Secured Loans Making the Most of Your Home as Collateral
My visit to the lender was interrupted with my wife demanding a reason for my preference for secured loans. Though I hushed up the matter then, it kept on ringing in my mind hours later. Actually, I didnt know of options other than the secured loans that are available. The various instances of ... more...

Don't Let Your Personal Loan Become a Personal Moan
Most of us have been in a position at some point when we simply have had insufficient funds to pay for something. This could be car insurance/repairs, course fees, holiday, Christmas presents, electrical items or even the weekly shopping. According to Credit Action, 2.4 million personal loan ... more...

Secured Home Equity Loans How Do They Work?
Home equity loans provide you with low rate credit based on the security of your homes value. Your home is your collateral, which reduces your loan risk with creditors. Home equity loans also come in a variety of terms, so you can pick what is best for your financial needs.Home Equity Loan ... more...

Bad Credit Mortgage Company Using Mortgage Brokers to Find a Lender
Using a mortgage broker to find bad credit financing will help you secure the most reasonable rates in a short period. In some cases you can get better than market rates or terms by the special offers arranged by the mortgage broker. Even if you decide not to work with a mortgage lender ... more...

Mortgage Tips for First Time Buyers
A home is the single most expensive thing most people will ever purchase. In addition, paying off a home loan can take as long as forty years and will involve paying an amount of interest that exceeds the cost of the house itself. In short, buying a house is not something to be done without a lot ... more...

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