What is a par rate? – David Reecher The par rate is the wholesale interest rate. It represents the interest rate before payments to the mortgage broker or lender, such as a Yield Spread Pre...Read More
What is PITI? – David Reecher Principal, Interest, Taxes, and Insurance (PITI) make up a total monthly mortgage payment. Principal is the amount borrowed from a lender, not including interest or...Read More
What is a notice of default in real estate? – David Reecher A notice of default is a note from a lender indicating that the borrower has fallen behind on his payments or otherwise breached the t...Read More
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