Mortgage FAQ's
There are many common questions that people have regarding their mortgage, how to get a mortgage, what they need to qualify, and about specific concerns they have about applying for a mortgage. Here a
http://www.brokeroutpost.com/reference/23856.htm (Updated: 10/22/2007)
Related Reference Topics: [faq, mortgage, mortgage faq]

Why a Broker instead of the Bank?
The Bottom Line - This isn't the closing costs at the end of the loan, but the total cost of the loan over its lifetime. A broker will have higher closing costs, because it subcontracts services. Th
http://www.brokeroutpost.com/reference/114152.htm (Updated: 09/11/2007)

Credit Score Under 660
If you have a credit score of below 660, do not be deterred. Despite many changes in secondary marketing guidelines, there are still programs available for those with credit scores below 660. There
http://www.brokeroutpost.com/reference/158539.htm (Updated: 08/31/2007)
Related Reference Topics: [credit score 660, fannie mae, fha, va, subprime, ]

Downpayment - How Much is Needed?
When buying a home you may be required to make a down payment depending on numerous factors, such as your credit score, your debt to income ratio, your employment information, the amount of money you
http://www.brokeroutpost.com/reference/151980.htm (Updated: 08/31/2007)
Related Reference Topics: [downpayment, no money down, ltv, purchase]

how does ltv affect mortgage rate?
How Does LTV affect mortgage rates? Your loan to value(or LTV) is one of many factors that are part of the risks that banks take in consideration when originating loans that are secured by real prope
http://www.brokeroutpost.com/reference/146237.htm (Updated: 07/30/2007)
Related Reference Topics: [factors in mortgage rates, loan to value, ltv]

Loan-To-Value Ratio
Loan-to-Value Ratio (LTV) is one of the most important factors banks scrutinize when evaluating the potential default risk of a mortgage loan application. The LTV is derived by dividing the loan amou
http://www.brokeroutpost.com/reference/139660.htm (Updated: 07/19/2007)
Related Reference Topics: [ltv, loan to value ratio, underwriting criterium]

Home Interest Rate
Home interest rates vary from borrower to borrower. Even with the same types of mortgage loans, what rate one person qualifies for does not mean that is what rate another person will qualify for. Home
http://www.brokeroutpost.com/reference/128467.htm (Updated: 06/03/2007)
Related Reference Topics: [mortgage rates, interest rates, best rates]

Common abbreviations and slang -what do they mean?
LTV - Loan to Value Sometimes you'll hear a loan officer mention LTV. This stands for loan-to-value. LTV is the amount financed as a percentage of the home's value. If you are borrowing $90,000
http://www.brokeroutpost.com/reference/53801.htm (Updated: 05/28/2007)
Related Reference Topics: [arm, niv, ltv, app, mortgage terms]

Tips to save money on my mortgage
Borrowers can save money on their mortgage if they do a little research in the beginning of the loan process. The first step is for borrowers to review their credit and take the necessary steps to imp
http://www.brokeroutpost.com/reference/39743.htm (Updated: 05/22/2007)
Related Reference Topics: [credit score, ltv, mortgage history]

CLTV
CLTV, also know as Closing Loan to Value, is the percentage of how much a house is worth compared to how much is owed on all mortgages on the property. Example: House is worth $300,000 and 1st mort
http://www.brokeroutpost.com/reference/22069.htm (Updated: 04/26/2007)

Save My Home
Saving your home from foreclosure can be a difficult process if you don't get the right kind of help. Borrowers who work together specialist whose focus is helping people refinance out of foreclosure
http://www.brokeroutpost.com/reference/103312.htm (Updated: 04/12/2007)
Related Reference Topics: [foreclosure, refinance, below 500, nod, ltv]

How much can I afford
How much house can I afford is a very popular question among homebuyers. The main factor to determine this is your debt to income ratio, or DTI. Different lenders have different requirements and guide
http://www.brokeroutpost.com/reference/23726.htm (Updated: 04/04/2007)
Related Reference Topics: [qualify, purchase price]

Combo Loan Refinance
Why would you want to refinance your home through the use of 2 mortgages instead of one? There are many reasons why this might make more sense, 2 mortgages versus only 1. A combo refinance loan can be
http://www.brokeroutpost.com/reference/88234.htm (Updated: 02/17/2007)
Related Reference Topics: [80/20, no pmi, refi]

LTV
LTV, also known as Loan to Value, is the percentage of what a house is worth compared to the amount of the mortgage owed on the property. Example: House is worth $200,000 and mortgage balance is $15
http://www.brokeroutpost.com/reference/22067.htm (Updated: 04/20/2006)