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A floatdown gives the customer a one-time option to lower his/her loan interest rate for the remainder of the loan term. The option normally provides a formula for the resetting of the rate based on an independent index and a margin (spread above the index) and is usually available for a set (limited) length of time during the loan term.
What else can I help you with?
When do you start making payments on a construction loan?
Payments on a construction loan typically start once the construction is completed and the loan transitions to a permanent mortgage.
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
How do you get a 2nd mortgage discharged and keep your house?
You don't. A second mortgage is a secured loan, just as the first morgage. The difference is the first mortgage holder has priority if it involves a lien against the property or foreclosure rights. The only option is to try to negotiate with the lender for reaffirmation of the loan
Where could one apply for a mortgage loan in PA?
One may apply for a mortgage in Pennsylvania at the Citizen Bank website. The website includes all of the information you need to choose the best mortgage option for you.
What is a Open end mortgage loan?
What is a Open end mortgage loan?
How can I pay my mortgage loan on-line?
“How can I pay my mortgage loan on-line?”
Can you get a mortgage loan after chapter7?
Cn you get a mortgage loan for ahome if you filed chapter7?
How can one refinance one's FHA loans?
The best and fastest way to refinance an FHA loan is to first discuss the option with the mortgage company. They can determine if refinancing is then an option.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
Which website has a free calculator mortgage payoff option?
You can find websites by looking around online. Most mortgage websites offer mortgage payoff calculators to help their customers decide which loan is feasible for them before applying.
Does the VA guarantee their mortgage loans?
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.
What and where to pay a mortgage loan?
A mortgage loan is a loan that is used to either purchase a property or get a loan with your property as collateral. You can secure a mortgage through financial institutes like banks, credit unions or mortgage companies like Fannie Mae.
