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The money loaned to the buyer, by the lender.

In technical terms the Loan to Value cash figure.

For example for a property at 100,000, a 90% LTV mean the buyer will put 10% deposit down. And in this case the proposed mortgage advance is 10,000

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What is the meaning of corporate advance on a mortgage?

A corporate advance on a mortgage is a payment for a service related expense that is owed by the borrower. These expenses may include such things as foreclosure expenses, attorney fees, and bankruptcy fees.


What is corp adv fee?

These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.


What are the benefits of using free mortgage calculators?

The benefit for one to use a free mortgage calculator would be to know in advance how much one would pay each month for his mortgage. One can also us a free mortgage calculator to compare different mortgage offers.


Can you pay Bank of America mortgage with credit card?

Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.


What is subordinate second mortgage?

Deeds of Trust (mortgages) have a position on title based on seniority (1st, 2nd, 3rd). So if a new 1st mortgage wants to go into first position in a refinance transaction but there is already a 2nd mortgage, they must ask the 2nd mortgage to allow them to go ahead of them on title. The 2nd mortgage lender will review the proposed loan, and either approve or deny the request. This is most common when a borrower wants to retain the terms of the 2nd mortgage or they do not have enough equity to borrow a sufficient amount in the new loan to pay off the 2nd mortgage.

Related Questions

Where can one get a no documentation mortgage?

You can get a no documentation mortgage from Mortgage Rates Experts, Bills, Get a Loan with Bad Credit, Hasty Cash Advance, No Doc Mortgage and other websites.


Charles Darwin proposed and advance what theory?

Natural selection


What is the meaning of corporate advance on a mortgage?

A corporate advance on a mortgage is a payment for a service related expense that is owed by the borrower. These expenses may include such things as foreclosure expenses, attorney fees, and bankruptcy fees.


What is corp adv fee?

These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.


If a person pays an advance for a car and then backs out of the deal does the seller keep the advance?

if some one pays there mortgage in advance it means there mortgagewas payed before it is supposed to be payed.Therefore the opposite of advance has to be delayed.


What are the benefits of using free mortgage calculators?

The benefit for one to use a free mortgage calculator would be to know in advance how much one would pay each month for his mortgage. One can also us a free mortgage calculator to compare different mortgage offers.


What other scientist proposed a wrong idea but advance science?

Sir Chatles Lyell.


Is it possible to change co signers when refinancing a mortgage loan?

Yes. You need to discuss it with the lender to determine if the proposed co signer qualifies.


Can you pay Bank of America mortgage with credit card?

Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.


What A weather briefing that is provided when the information requested is 6 or more hours in advance of the proposed departure time is?

an outlook briefing.


What is pledge loan?

pledged loan -- A mortgage loan that has been identified and set aside as security for borrowing by the holder of the mortgage; particularly a loan that has been pledged as security for an advance from a Federal Home Loan Bank.


Is it legal to pay 12 months advance mortgage payments on owner occupied property?

Of course. You can pay any payments in advance, although it may be better to just pay down the principal balance instead.