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Tucson, Arizona  refinance mortgage

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You are here: Refinance Mortgage > Arizona  refinance mortgage > Pima refinance mortgage > Tucson
85701 85708 85715 85722 85731 85739 85746 85754
85702 85709 85716 85723 85732 85740 85747 85755
85703 85710 85717 85724 85733 85741 85748 85757
85704 85711 85718 85725 85734 85742 85749 85775
85705 85712 85719 85726 85735 85743 85750 85777
85706 85713 85720 85728 85736 85744 85751
85707 85714 85721 85730 85737 85745 85752
Today's Mortgage Terms starting with F

Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac):

A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.

Federal Housing Administration (FHA):

A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.

Federal National Mortgage Association (FNMA or Fannie Mae):

This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.

FHA Loans:

Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.

First Mortgage:

A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.

Fixed Rate Loan:

Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.

Foreclosure:

A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.

View all Terms
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