Important Terms You Must Know BEFORE Obtaining A Mortgage
The following is a sample of the special report you selected:
This report contains a comprehensive list of mortgage terms that may be used during the loan process. By familiarizing yourself with these terms, you will be able to ask questions to your mortgage consultant that could end up saving you money in loan fees and interest over the lifetime of your loan.
Adjustable Rate Mortgage (ARM): Mortgage loans under which the interest rate is periodically adjusted to more closely coincide are agreed to at the inception of the loan.
Alternative Documentation: The use of pay stubs, W-2 forms, and bank statements in lieu of Verifications of Employment (VOE) and Verifications of Deposit (VOD) to qualify a borrower for a mortgage.
Amortization: The systematic and continuous payment of an obligation through installments until the debt has been paid in full.
Annual Percentage Rate (APR): A term used in the Truth-in-Lending Act to present the percentage...
To receive the complete contents of this special report titled "Important Terms You Must Know BEFORE Obtaining A Mortgage" and get vip access to the rest of our FREE home loan success reports, simply fill out the form below and we will send you an INSTANT ACCESS link to the email address you provide below.
Also, make sure you register for our Insider Mortgage Secrets, browse our Homebuying Resources section and fill-out a free no-obligation secure online application or call our Bingham Farms, Michigan office at 248-613-9044 with any questions you have.