home loans after chapter 7 bankruptcy refinancing house after bankruptcy What Happens to Mortgages in Bankruptcy | TheBankruptcySite.org – If you file (and qualify) for Chapter 7 bankruptcy and your home is exempt, you can continue to make your mortgage payments if you want to keep your home. Although the bankruptcy will discharge your personal liability for the home loan at the end of the case, the lender’s security interest in the property remains in force.refinancing house after bankruptcy
Glossary of Mortgage Terms | ditech – ARM. With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. An Adjustable Rate Mortgage, or ARM, is a mortgage with an initial fixed rate period, generally 1, 3, 5, or 7 years, after which time the rate adjusts (usually annually) for the remaining term of the loan.
PDF Glossary of Loan Terminology – Loanontime – The transfer of a mortgage from one person to another. Assumable mortgage A mortgage loan which allows a new home buyer to take over the obligation of making loan payments with no change in the terms of the loan. Assumable loans do not have a due-on-sale clause. The lender has to be notified and agree to the assumption.
Glossary of Mortgage Loan Terms – Summit Mortgage – View a comprehensive list of loan terminology and definitions.
Glossary of Terms | Cecil Bank – Glossary of terms. cecil federal mortgage Center. The right of the mortgagee (lender) to demand the immediate repayment of the mortgage loan balance upon the default of the mortgagor (borrower), or by using the right vested in the Due-on-Sale Clause.. A promise by a lender to make a loan on specific terms or conditions to a borrower or.
Glossary Of Mortgage Terms: (A mortgage article from. – A second mortgage may also be referred to as a second loan, a home equity loan, or even a "piggyback" mortgage or loan. It is an additional mortgage that a homeowner takes out on their home, above and beyond their first or primary mortgage. See: Second Mortgages. Term. The term of a mortgage is the amount of time that it takes for the mortgage.
Glossary of Mortgage Terms 1003 form commonly used mortgage loan application developed by Fannie Mae. Sometimes called the uniform residential loan Application. Acceptance a verbal or written acceptance of an offer to buy a home, made from the seller to the buyer. Acre a land measurement commonly used in U.S. property negotiations.
Mortgage Glossary – Mortgage Terms & Definitions Use Bank of America’s comprehensive mortgage terms glossary to get definitions of mortgage terms that may come up throughout the loan process. mortgage glossary, mortgage dictionary, mortgage terms
Mortgage Definitions – AmWest Funding – An assumable mortgage is a type of financing arrangement in which the outstanding mortgage and its terms can be transferred from the current owner to a buyer.