Negative Amortization
Negative Amortization – David Reecher Negative amortization can occur when the monthly mortgage payment amount is not adequate for both the interest and principal of the loan, resulting in a gra... Read More
Needs-Based Pricing
Needs-Based Pricing – David Reecher Needs-based pricing describes a seller’s asking price that is based on getting required funds to cover a mortgage, pay off renovation costs or purchase ... Read More
Mortgage Lender
Mortgage Lender – David Reecher The mortgage lender is the bank or financial entity that loans money to the person buying the home. Many buyers rely on mortgage lenders for the cash that allows ... Read More
Mortgage-Interest Deduction
Mortgage-Interest Deduction – David Reecher The current United States Federal tax code affords the mortgage interest deduction to home owners as a way of encouraging consumers to invest in purch... Read More
Mortgage Insurance
Mortgage Insurance – David Reecher Housing lenders want to be assured that they will receive their money for the money that they loaned to customers, even if these customers suffer financial dif... Read More
Mortgage Broker –
Mortgage Broker – David Reecher Homebuyers who want to be matched up with the best lender often use the services of a mortgage broker in their search for financing. A mortgage broker pairs lende... Read More
Mortgage Banker
Mortgage Banker – David Reecher A mortgage banker is a person, company or firm that originates and funds loans for primary and secondary residential mortgage loans. Normally, a mortgage banker u... Read More
Mortgage Acceleration Clause
Mortgage Acceleration Clause – David Reecher A mortgage acceleration clause is an important provision within the mortgage contract. It provides the lender with the ability to demand all of the r... Read More