A VA loan is a mortgage loan available through a program established by the United States Department of Veterans Affairs. VA loans assist service members, veterans and eligible surviving spouses to.
Mortgages 101. Must-know mortgage basics in clear, simple terms you can actually understand. Type of Mortgages . Fixed mortgage rates . Adjustable rate mortgages (ARM) FHA loans .
Mortgages 101 – Mortgage Basics You Should Know Home buyers generally do not have the capital to purchase a home outright. As such, they seek to receive a loan, which is secured by a lien on the real estate, and they will reimburse the lender over a period of time.
How a Short Sale Works A short sale is a financial option that is sometimes available to homeowners who are distressed borrowers. They are behind on their mortgage payments and have a home that is.
If you’re struggling to make your monthly mortgage payments or have fallen behind, you may be at risk of losing your home. But depending on the circumstances, you may be eligible for a loan.
mortgage loan processors are in powerful demand these days, and the income is excellent! Lucrative positions exist in mortgage, retail and consumer loan fields, and the promotional potential is great. Loan Processor 101 – "The Basics" is an in-depth study of conventional loan calculation and requirements.
Mortgage 101: The Basics of Mortgage Financing. What are the basic steps of the home loan process? 1. Get pre-approved first. It is tempting to look for a home before you start your loan. But a little bit of patience up front, will save you time – and potential heartache – if you first get.
Basics of Mortgage Processing The role of loan processors in the overall mortgage loan process, and strategies on how best to communicate with them are covered in this course. It also focuses on the importance of the uniform residential loan application (URLA) as a central and vital document..
Mortgage Basics Simply put, a mortgage is a loan secured by real property and paid in installments over a set period of time. The mortgage secures your promise that.