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Answered 2007-09-14 19:08:09
In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
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Related Questions
What are the different types of Home Loan Mortgages available?
There are several different types of home loan mortgages available. Some the many are fixed mortgages, adjustable mortgages, balloon mortgages, and even reverse mortgages. Each has their own benefits and downfalls.
Where can one find more information regarding home mortgages?
One can find more information regarding home mortgages at certain websites that pertain to home mortgages such as MortgageCentral, AboutMortgages, MoreMortgages and other websites that provide information about home mortgages.
Which banks sell home mortgages?
There are many banks that sell home mortgages. Examples of banks that sell home mortgages includes Wells Fargo, Capital One, TCF, and Bank of America.
Are reverse mortgages a safe thing to do?
Reverse mortgages are basically home equity loans. It converts the equity that is in your home into cash. Generally, it is better NOT to do reverse mortgages. There is too much at risk. If you are living beyond your means, cut down on your spending and set a budget so you don't need to take the equity out of your house.
What kind of mortgages does Countrywide offer?
The types of mortgages that Countrywide offers are primarily home purchase loans, home refinance loans and home equity. They offer fixed rate loans and adjustable rate mortgages.
Can a house with a second home mortgage become a primary residence?
Yes. The designation as primary residence is irrelevant to the number of mortgages.
Where are the best places online to find more information about home mortgages?
There are many websites and resources online that offer information about home mortgages. The best way to get more information on home mortgages is through a bank's websites like Bankrate.
What does the term jumbo mortgage refer to as it relates to home mortgages?
A jumbo mortgage is a term used to describe a home mortgage that is bigger that most mortgages. These mortgages exceed the amount that the FNMA and FHLMC will purchase.
How much money is owed on home mortgages?
In the United States the overall total outstanding balance on home mortgages is over a trillion dollars.
How do you sell a home with 2 mortgages?
Your asking price for the home should be for at least the total of both mortgages. At closing both will be paid off.
Are californian home mortgages more expensive than Ohio?
Homes in California are typically more expensive than homes in Ohio. Because of this, mortgages for a similar house will likely be more expensive in California than in Ohio.
Where can one find information on reversed mortgages?
A reverse mortgage is a type of loan taken out on the equity of a house. No payments are required while the borrower lives in the home. The loan is repaid when the borrower dies, sells their home, or no longer lives in that residence. The FTC has information on reverse mortgages.
Where can someone get information on mortgages for home purchases?
To get information on mortgages for home purchases, one should speak to a representative of a bank offering mortgages, such as Natwest. Alternatively, one should seek advice from an estate agent.
What type of Woolwich Mortgages are available?
Woolwich Mortgage is a home mortgage company located in the UK. They offer a variety of mortgages including fixed rate mortgages, offset mortgages, tracker mortgages, great escape mortgages and many other choices made to fit your needs.
What is the best way to get a good deal on home mortgages?
The best way to get a good deal on a home mortgage is through some government service run to assist citizens with home mortgages. Good deals on home mortgages can also be found through companies such as JP Morgan and Chase.
Are home equity loans repaid separately from home mortgages?
YES
Where can one get a loan for a home?
Home loans are available from banks and credit unions. Such loans can take the form of mortgages, reverse mortgages, or home equity lines of credit, among others.
Can you purchase a new home by exchanging your current home?
Depends what country you are in. In England you can in principle use a house as part payment, and mortgages can be transferred. You should say exactly what you are thinking of, and where you live,
What kind of mortgages does Champion Mortgage offer to consumers?
The company called Champion Mortgage offers many kinds of mortgages to its consumers. These types of mortgages are realty mortgages and reverse mortgages. It also offers insurances like home insurance and flood insurance.
What exactly are second mortgages?
A second mortgage is a secured loan on a house (or property) which is subordinate to another loan against the same house or property. In practical terms, in case of default, the first leinholder (first mortgage holder) is paid first. Second mortgages are often considered to be 'home equity' lines and are frequently used for home improvement purposes or debt consolidation.
Where can one find more information about house financing?
House financing information can be gathered from real estate agencies in store and online and also by visiting your bank which provides home loans and mortgages.
Which type of interest is calculated on home mortgages?
compound
Where can I learn about mortgages?
You can learn about home mortgages at your local bank or credit union. You can go to www.whatismortgage.com That is an informative site that talks about it.
Can home insurance override grandfathers clause?
Yes, When it comes to underwriting guidelines and acceptability of the risk. A grandfather clause does not circumvent your Insurance companies underwriting guidelines or eligibility requirements.
What companies offer mortgages to a first time home buyer that has bad credit?
Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.
