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You are here: Home Equity Loans > Pennsylvania home equity loans > Mckean
Mckean home equity loans news:
Community banks on shaky ground - Portland Tribune
Certified as a community development bank, Albina Community Bank has access to special federal funds that target low-income communities enabling it to make loans for projects such as the Mississippi Avenue Lofts in North Portland. Albina CEO Bob ...
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Today's Mortgage Terms starting with M
Margin:The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.Market Value:The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.Mortgage Banker:A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.Mortgage Broker:A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.Mortgage Insurance:It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).Mortgage Loan:A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.Mortgage Refinance:A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.Mortgagee:The lender in a mortgage loan relationship. Property is used as collateral to make payment.Mortgagor:The borrower in a mortgage loan relationship. Property is used as collateral to make payment.View all Terms |
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Community banks on shaky ground - Portland Tribune
Certified as a community development bank, Albina Community Bank has access to special federal funds that target low-income communities enabling it to make loans for projects such as the Mississippi Avenue Lofts in North Portland. Albina CEO Bob ...
Waiting to connect to Google News...
Site Map | Directory | State Quotes | For Brokers | Affiliate Program | Lender Advertising | City Quotes | Refinance | Mortgage Loans | Home Equity Loans | Mortgages by city | Bad Credit Mortgage Loans | Get a Quote | Debt Consolidation
Our Network of SitesUS Mortgage Rates | Home Mortgage | Mortgage Rates Online | Refinance Quotes | Mortgage Refinance
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