In House underwriting means that the lender is doing their own underwriting instead of sending it out to a 3rd party underwriter.
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.
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.
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.
Yes. The designation as primary residence is irrelevant to the number of mortgages.
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.
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.
Your asking price for the home should be for at least the total of both mortgages. At closing both will be paid off.
In the United States the overall total outstanding balance on home mortgages is over a trillion dollars.
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.
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.
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.
YES