Glossary of Mortgage Phrases

  Additional Security Service charge An Additional Security Rate (Mortgage Indemnity Assurance policy) is the rate taken to get an insurance coverage that will cover your own personal lender so that should you default on installments, he will not experience any loss. You must pay the Additional Safety Fee and […]

Current Housing Market State

In the last 3 or 4 ages, a large number of homeowners are trying to complete a “loan workout” with their up-to-date mortgage lender to lower the eye rate and help terms of their financial loan. Many lenders currently have chosen not to allow any new terms and conditions, rather, […]