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loan to value ratio

Define: loan to value ratio Definition: The loan to value ratio is the relationship between the loan amount and the value of... read more →

What is PMI?

What is PMI? Private Mortgage Insurance (PMI) is an insurance policy that protects lenders against loss if borrowers stop paying... read more →

Mortgage Overlays

Mortgage overlays are company specific rules that a lender must follow. These are on top of the published guidelines for... read more →

assigned loan

Define: assigned loan Definition: An assigned loan is the transfer of ownership from one person to another.

non-traditional mortgage

Define: non-traditional mortgage Definition: A non-traditional mortgage is a residential mortgage loan product that allows borrowers to defer repayment of principal and,... read more →

Should You Escrow?

One of the most important decisions when buying a house is how you will pay your insurance and property taxes... read more →
fha loans vs usda loans

FHA Loans vs USDA Loans

Different loan programs target different buyers. A mortgage application assesses many aspects of your financial situation, such as your debt-to-income... read more →
VA loans benefits

Benefits of a VA Loan

The Veteran's Administration loans, or VA loans, are a home-mortgage option available to veterans, current or former members of the... read more →
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