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Mortage Terms


  > Mortgage broker
A firm that originates and processes loans for a number of lenders.
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  > Rehabilitation mortgage
A mortgage that covers the costs of rehabilitating repairing or Improving a property some rehabilitation mortgages - like the FHAs 203k - allow a borrower to roll the costs of rehabilitation and home purchase into one mortgage loan.
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  > Principal
The amount borrowed from a lender doesnt include interest or additional fees.
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Did You Know?    
 
 
Smaller Down Payments
Down Payments and Private Mortgage Insurance Some lenders require 20 percent of the home's purchase price as a down payment. However many lenders now offer loans that require less than 20 percent down—sometimes as little as 5 percent on conventional loans. If a 20 percent down payment is not made lenders usually require the home buyer to purchase private mortgage insurance PMI to protect the lender in case the home buyer fails to pay. When government-assisted programs such as FHA Federal Housing Administration VA Veterans Administration or Rural Development Services are available the down payment requirements may be substantially smaller.

 

 
   Louisville & Nationwide Mortgage Lender News

Three Types of Reverse Mortgages

Wells Fargo Home Mortgage, Dominion Homes Launch Joint Venture

Housing Boom Market, Time Of Transition

Time Of Transition To Follow Record Setting Housing Boom

Largest Mortgage Lender

Charter One Mortgage Corp.

Ameriquest Mortgage Company

AmeriQuest Mortgage Scores With Super Bowl ADS

Mortgage Company Celebrate Grand Opening

Reports Mortgage Interest Rates

Home Mortgage Disclosure Act

Nonprime Mortgage Lenders Providing

Caution In Using Home Equity

Federal Financial Institutions Examination Council

Nation's Largest Mortgage Lender

Chicagoland New Financial Centers

Countrywide Financial Adds Managing Director

Data and ReAffirms 2005 Earnings Guidance

New Financial Center in New York

Boston Area Opens Financial Center in Framingham

Countrywide Financial Corporation Responds to Hurricane

Present at Lehman Brothers Financial Services Conference

The Home Mortgage Disclosure Act

Data For The Year 2002 Regarding Mortgage Lending

Gov. Blagojevich Signs Law To Protect Homebuyers

Contact our Louisville Mortgage Lenders


If you live in the following cities and need a mortgage lender you should contact our Louisville mortgage lender as soon as possible:

  • Ashland
  • Bardstown
  • Berea
  • Bowling Green
  • Campbellsville
  • Corbin
  • Covington
  • Danville
  • Elizabethtown
  • Erlanger
  • Florence
  • Frankfort
  • Ft Mitchell
  • Georgetown
  • Glasgow
  • Henderson
  • Hopkinsville
  • Latonia
  • Lexington
  • Louisville
  • Madisonville
  • Mayfield
  • Morehead
  • Murray
  • Newport
  • Nicholasville
  • Owensboro
  • Paducah
  • Pikeville
  • Radcliff
  • Richmond
  • Shelbyville
  • Shepherdsville
  • Versailles
  • Winchester
       
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Louisville Audio & Video    
 
  Brokers Urge New Scale For Jumbo Mortgages
Audio, RM, 48 Kbps, 2:58:00 AM, 8/19/2005
Reporter Scott Horsley reports on federally sponsored underwriters Fannie Mae and Freddie Mac back mortgages up to $369,000. Without federal underwriting, home buyers pay a higher interest rate.
Source: National Public Radio 		 
 
Louisville External Sites    
 
 

INSTRUCTIONS FOR COMPLETION OF APPLICATION FOR MORTGAGE
KENTUCKY MORTGAGE BROKERS ASSOCIATION - JON MCCAIN, 502-223-4840 ... MORTGAGE BROKERS ONLY – A PHYSICAL LOCATION IN KENTUCKY IS REQUIRED AND NO POST

 


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The information provided on Louisville Mortgage Lenders.com is not intended to be mortgage advice, but merely conveys general information related to mortgage issues commonly encountered.

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