Mortgage Financing Directory - Glossary (M-O)

CHOOSE THE TYPE of home loan
or financing that you need.

-OR-

CHOOSE A STATE in which to 
find a mortgage company.

Mortgage Glossary (M-O)

NO FORMS TO FILL OUT. SIMPLY FOLLOW THE LINKS TO THE MORTGAGE BROKERS, LENDERS
OR SERVICE OF YOUR CHOICE!
SIMPLY CHOOSE A PRODUCT, OR A STATE.

M-O

A / B / C / D / E / F / G / H / I / J
L
/ M / O / P / R / S / T / U / V

M

Margin: an amount the lender adds to an index to determine the interest rate on an adjustable rate mortgage.

Mortgage: a lien on the property that secures the Promise to repay a loan.

Mortgage banker: a company that originates loans and resells them to secondary mortgage lenders like Fannie Mae or Freddie Mac.

Mortgage broker: a firm that originates and processes loans for a number of lenders.

Mortgage insurance: a policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home's purchase price.

Mortgage insurance premium (MIP): a monthly payment -usually part of the mortgage payment - paid by a borrower for mortgage insurance.

Mortgage Modification: a loss mitigation option that allows a borrower to refinance and/or extend the term of the mortgage loan and thus reduce the monthly payments.

O

Offer: indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.

Origination: the process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.

Origination fee: the charge for originating a loan; is usually calculated in the form of points and paid at closing.

Mortgage Glossary Pages:

(A-C), (D-F), (G-I), (J-L), (M-O), (P-R), (S-U) and (V-Z)


UNITED STATES MORTGAGE LENDERS AND BROKERS
    Page (1)(2)(3)(4)

 

Did you know?

Did you know?

"Refinance" and "Refinancing" are often misspelled. Some examples are: house refcinance, mortgage reeinancing, home refbinance loan, mortage refbinance, homerefinace, mortage refbinancing, mortgage refbinance, home refbinancing, mortage refcinance loan, mortgage refbinancing, homerefinace, home refcinance, house reeinancing, mortgage refcinance, house refbinance loan, morgage reeinancing, house refbinancing, morgage refbinance, homerefinace, home reeinancing loan, morgage refbinancing, mortage reeinancing and morgage refcinance. Please note the correct spelling for future use.

 
Important Notices.......

   MortgageFinancingDirectory.com uses select categories of Open Directory Project Data and is a service of Infinamic, Inc. All information is deemed reliable, but not guaranteed. Infinamic, Inc. is not responsible for the content and services, that may be provided to you, by following the links from this web site. Use this service at your own discretion. Please review our privacy policy and terms of use. Questions? Feel free to contact us.

Corrections? Errors? Suggestions?

   The Mortgage Financing Directory is a constant work in progress. We make every attempt to make sure information displayed is accurate, however, if you notice an error, or have a suggestion, do not hesitate to contact us.

Infinamic, Inc. - "Infinitely Dynamic" - Internet Marketing and Web Development
"Infinitely Dynamic"
Internet Marketing and Web Development
---------------------
Copyright 2002-2006
Infinamic, Inc. and its Licensors
All Rights Reserved