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Mortage Terms


  > Origination
The process of preparing submitting and evaluating a loan application generally includes a credit check verification of employment and a property appraisal.
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  > Loan-to-value LTV ratio
A percentage calculated by dividing the amount borrowed by the price or appraised value of the home to be purchased the higher the LTV the less cash a borrower is required to pay as down payment.
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  > Closing
Also known as settlement this is the time at which the property is formally sold and transferred from the seller to the buyer it is at this time that the borrower takes on the loan obligation pays all closing costs and receives title from the seller.
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Advisory arbitration is not binding.
If both parties decide to choose advisory arbitration only, no decision will be made and no grants will be awarded.
 

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

  • Alliance
  • Beatrice
  • Bellevue
  • Blair
  • Columbus
  • Fremont
  • Gering
  • Grand Island
  • Hastings
  • Kearney
  • La Vista
  • Lexington
  • Lincoln
  • Norfolk
  • North Platte
  • Omaha
  • Papillion
  • Plattsmouth
  • Scottsbluff
  • South Sioux City
       
 
Did You Know?    
 
 
Advisory arbitration is not binding.
If both parties decide to choose advisory arbitration only, no decision will be made and no grants will be awarded.
 
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Omaha 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 		 
 
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DBA MORTGAGE LENDERS NETWORK 15700 W TEN MILE RD STE 210 SOUTHFIELD, MI 48075 Phone: (248) 557-8327. go top. ALLERTON FINANCIAL CORP ...
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