NC Mortgage Brokers

July 22, 2008 by · Leave a Comment 

As a North Carolina Mortgage Broker we can offer you a variety of mortgage products with various lenders. FHA seems to be one of the top mortgage programs that our borrowers ask for. Please make sure to visit our FHA mortgage section. We also are having a high amount of VA loan applications from Veterans [...]

Tagged: broker, carolina, fha, loan, mortgage, mortgages, north, rates, va

Origination fee & Discount points

July 17, 2008 by · Leave a Comment 

Before obtaining good mortgage rates a borrower must understand what actually is included in a ‘mortgage interest rate’. There are many factors that affect all mortgage rates in every mortgage transaction. Discount points, origination fees, Yield Spread Premium, and 3rd party fees are a few factors that can change your interest rate. This information will [...]

Tagged: broker, discount points, down payment, mortgage, origination fees, purchase price, yield spread premium, ysp

Mortgage Glossary

July 17, 2008 by · Leave a Comment 

Acceleration clause: a provision that allows the lender to demand full repayment of the total remaining loan balance in the event that a borrower any clauses in the mortgage note. Amenity: home or property features that is beneficial to the buyer. Maybe natural or artificial items such as forest, waterfront, and location or orchard, garden, [...]

Tagged: alt-a, application, appraisal, apr, ARM, balloon, banker, bankruptcy, biweekly mortgage, borrower, broker, closing costs, conventional loan, credit history, debt to income, deed, definitions, discount points, earnest money, equity, escrow, fannie mae, fha, FICO, fixed rate mortgage, foreclosure, glossary, good faith estimate, home inspection, HUD, hud1, judgment, lien, loan to value, ltv, mortgage, mortgage rate, mortgage refinance, origation fee, PITI, PMI, preapproval, RESPA, survey, terms, TILA, title insurance, title search, underwriting, va, veteran's administration