Mortgage Loan Terms And Definitions

Explore our glossary of common mortgage terms and definitions.. Home Mortgage Glossary. The packaging or mortgage loans secured by real property to be sold to a permanent investor with servicing retained for the life of the loan for a fee. The origination, sale, and servicing of mortgage.

An air loan is a type of mortgage fraud that seeks to profit from unsuspecting lenders. A mortgage broker invents both a property and a borrower in order to earn false profits on completed loan.

A jumbo loan is a mortgage with an amount that exceeds the limits set by Fannie Mae and Freddie Mac. A jumbo loan is a good option if you’re looking to buy an expensive, luxury home, can afford a large down payment, and have a great credit score.

Commercial Mortgage Refinance Rates Refinance a Commercial Mortgage: Commercial Real Estate Loan. – Lower Rates: Taking advantage of lower rates is a great way for businesses to save money on the cost of their mortgage. If you have an adjustable rate mortgage on your commercial property and market rates drop, you may want to refinance your current mortgage into a mortgage with a lower rate – which could save you money.Commercial Lending Companies Commercial Lending – californiabankofcommerce.com – California Bank of Commerce offers a full range of loan products tailored to meet the needs of privately-held companies. Our expert bankers have years of experience adding value to industrial companies, manufacturers, wholesalers, distributors and the professional service companies that support them.

Mortgage Glossary. The many terms used in the house-buying process can be confusing. Here’s some terms and definitions that can help in your research. Adjustable Rate Mortgage (ARM) A mortgage loan with an interest rate that is subject to change and is not fixed at the same level for the life of the loan.

Mortgage Loan-A loan which utilizes real estate as security or collateral to provide for repayment should you default on the terms of your loan. The mortgage or Deed of Trust is your agreement to pledge your home or other real estate as security. Mortgagee-The lender in a mortgage loan transaction.

Use this glossary of mortgage terms to better understand the overall mortgage process as well as any specific mortgage terms that may be unfamiliar to you. A Abstract of title [skip to next word] A written history of all the transactions related to the title for a specific tract of land.

A loan may be for a specific, one-time amount or can be available as an open-ended line of credit up to a specified limit or ceiling amount. The terms of a loan are agreed. if an individual takes.

Average Interest Rate On Business Loans Commercial Loan Origination Software For Brokers Using Software to Uncover Mortgage Business Insight – If you are managing a mortgage origination business. be a broker, correspondent, community bank or credit union. Even so, they face the same problems their larger competitors face. Many of these.Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

We define mortgage, and other industry terms for home buyers. Discover helps you understand common mortgage terms and meanings.. HOME FINANCING GLOSSARY. Fees incurred in a real estate or mortgage transaction and paid by borrower and/or seller during a mortgage loan closing. These.

A balloon loan. terms ranging from five to seven years. However, the monthly payments through this short term are not set up to cover the entire loan repayment. Instead, the monthly payments are.