Mortgage Site Archive
Mortgage Definitions and Factoids
Home Mortgage Definitions 1
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.
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Lowering Home Mortgage Interest Rates
Lowering Home Mortgage Interest Rates
Interest payment for home mortgage arrangements is a very important thing to look at when paying up for a home. Many people pay more than they have to because they didnt do...
Tips on Financing a Fixer-Upper Mortgage
Tips on Financing a Fixer-Upper Mortgage
Repairing a home falls under the fixer-upper mortgage category. If your choice is either to move out and buy a new home or to do substantial repairs in your homes,...
An Introduction to Home Loan Interest Rates
An Introduction to Home Loan Interest Rates
Getting a home loan is one of the very important aspects of modern living, and one of the most important parts of this endeavor are interest rates. However,...
Getting a Home Mortgage from Allied
Getting a Home Mortgage from Allied
Allied Home Mortgage Capital Corporation (AHMCC), incorporated in 1991, is the largest private mortgage broker and lender in the U.S. The company is based in Houston and provides a...