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All Articles Tagged With "mortgage"
Mortgage Repossession Vs Foreclosure
Mortgage repossession, in the UK, is the repossession of a dwelling or home by a mortgagee due to default on the part of the mortgagor. The procedure of Mortgage repossession usually entails an order of possession in the courts and then an eviction notice. Once ...
Mortgage Electronic Registration Systems
Mortgage Electronic Registration Systems (MERS) is a privately held company and is designed to track servicing rights as well as ownership of mortgage loans in the United States. The entity serves as the mortgagee of records for loan servicers, lenders, and investors in the county ...
Mortgage Acceleration Clause
An acceleration clause allows the lender to immediately call the loan due and payable in certain events. These events can range from selling the property to another person without paying the balance to the lender to making major changes to the property without informing or ...
Mortgage Foundation: The Largest Mortgage Lender
Mortgage Foundation which is also abbreviated to MF is the largest mortgage lender in the United States. Located in downtown, Ft. Lauderdale, Florida, the activities of this private entity include retail banking, insurance services, business banking, consumer lending, consumer investment services, business lending, and credit ...
Mortgage Banks: An Overview
A mortgage bank is one which specializes in originating and/or servicing mortgage loans. This state-licensed entity is different from a mortgage broker, in that, it forwards the loans from its own capital. A mortgage broker, on the other hand, sells mortgages; however on behalf of ...
What is a Debt Service Coverage Ratio?
The debt service coverage ratio (DSCR) is the ratio of cash on hand for debt servicing to interest, principal as well as lease payments. It is an accepted yardstick utilized in the measurement of an entity's (person or corporation) capability to make sufficient cash to ...
Asset Based Lending: Utilizing Equity
Asset based lending is simply the taking out of a loan where the collateral is an asset and can be foreclosed or taken possession of by the lender if the borrower defaults on his or her payments. Although a mortgage is an example of asset ...
Shared Appreciation Mortgage: Long Term Waste
A shared appreciation mortgage (SAM) is one which is related to the appreciation of the property in a mortgage. This means that the lender will receive a part of the amount that has appreciated or increased over a specific period of time. There is a ...
Closed-End Mortgages: The Downside
Closed end mortgages are those that do not permit the mortgagor to make a pre-payment or pay off the loan in full before the maturity of the contract. Unlike open-end mortgages which allow the mortgagor or borrower to pay off the owed amount in full ...
Chapter 7 Bankruptcy
In the United States chapter 7 bankruptcy is the most common among the various other types of bankruptcies available. This type of bankruptcy can be used by businesses as well as individuals which basically governs the process of liquidation. This feature of liquidation instead of ...
What Are Mortgage Calculators?
Mortgage calculators are used in determining the amount of mortgage or property that a person can afford. These calculators can also be used for comparing costs of several different loans and to calculate the impact of monthly or bi-weekly payments on the length of the ...
