What is a Open end mortgage loan?
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
LOAN GIVEN IN AN AGREED TO AMOUNT WHICH CAN BE BORROWED LATER FOR ANY AND ALL OF AMOUNT UP TO THAT AGREED UPON AMOUNT AS IT HAS BEEN PAID. 1-Is a mortgage that allows the borrower to borrow additional money without rewriting the mortgage.
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
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.
closed end is like a car loan or mortgage where you agree repayments and have a fixed end date. open end is like a credit card ... you pay a minimium repayment each month but it could go on forever
If you are referring to open end mortgage, it means that the borrower can be allowed to borrow an additional money if he has a good record on the existing loan or if the condition that will be given by he lender is achieved.
An open mortgage allows you to pay off the loan at any time without penalties, while a closed mortgage has restrictions on prepayment and may have penalties for paying off the loan early.
LOAN GIVEN IN AN AGREED TO AMOUNT WHICH CAN BE BORROWED LATER FOR ANY AND ALL OF AMOUNT UP TO THAT AGREED UPON AMOUNT AS IT HAS BEEN PAID. 1-Is a mortgage that allows the borrower to borrow additional money without rewriting the mortgage.
A closed mortgage has restrictions on prepayment and renegotiation, while an open mortgage allows for more flexibility in paying off the loan early without penalties.
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.
Regardless of location a balloon mortgage is when you have a large final payment at the end of the loan period.
“How can I pay my mortgage loan on-line?”
Cn you get a mortgage loan for ahome if you filed chapter7?
Outside of a business setting, or home mortgage, No.
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.
Yes, a VA mortgage loan is guaranteed. A VA loan is a mortgage loan guaranteed by the US Department of Veterans Affairs.