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Home Mortgage Site Archive
Home Mortgage Definitions and Factiods
Home Mortgage Definitions 5
Conforming Loan:
A loan with a mortgage amount that does not exceed that which is eligible for purchase by FNMA or FHLMC. All loans are considered either as conforming or non-conforming, also known as jumbo.
Conventional Loan:
A mortgage loan not insured or guaranteed by the federal government.
Conversion Option:
Options to convert an adjustable rate mortgage or balloon loan to a fixed rate mortgage under specified conditions.
Co-Signer:
A party who signs the mortgage note along with the borrower, but who does not own or have any interest in the title to the property.
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Tips on Financing a Fixer-Upper Mortgage
Tips on Financing a Fixer-Upper Mortgage
Repairing a home falls under the fixer-upper mortgage category. If your choice is either to move out and buy a new home or to do...
Lowering Home Mortgage Interest Rates
Lowering Home Mortgage Interest Rates
Interest payment for home mortgage arrangements is a very important thing to look at when paying up for a home. Many people pay more than they have...
VA Loans and How it Works
VA Loans and How it Works
VA stands for Veteran Affairs. And loans are given out especially to these people, the veterans, who had one time or another had fought for...
Getting Your Way Around Home Mortgage Rates
Getting Your Way Around Home Mortgage Rates
Jenny was offered a home loan at a fixed interest rate mortgage with a 15-year term. This seems to be a long time...