All-In-One Mortgage

All-In-One Mortgage – David Reecher A mortgage loan that combines the features of a checking account, a home equity loan and a mortgage in order allow depositors to reduce the amount of interest pai... Read More

Alienation Clause

Alienation Clause – David Reecher A clause in a mortgage contract that requires full payment of the balance of a mortgage at the lender’s discretion if the property is sold or the title to the pro... Read More

Adverse Possession

Adverse Possession – David Reecher A principle of real estate law that allows a person who possesses someone else’s land for an extended period of time to claim legal title to that land. Land... Read More

Adjustment Frequency

Adjustment Frequency – David Reecher The frequency at which interest rate changes or resets on an adjustable-rate mortgage occur. Different adjustable-rate mortgages have different adjustment freque... Read More

Pre-qualification

Pre-qualification – David Reecher This usually refers to the loan officer’s written opinion of the ability of a borrower to qualify for a home loan, after the loan officer has made inquiries about... Read More