Will my mortgage be sold and why
When you refinance or secure purchase mortgage financing on your new home chances are it will be sold to different mortgage companies over time.
http://www.brokeroutpost.com/reference/26932.htm (Updated: 12/03/2007)
Related Reference Topics: [mortgage sold, different mortgage holders]

Lien
A legal claim against property that must be satisfied When the property is sold
http://www.brokeroutpost.com/reference/11026.htm (Updated: 10/11/2007)

Why was my mortgage sold on the secondary market?
Why was my mortgage sold to another mortgage company and what is the secondary market? When you use a mortgage broker, your mortgage is brokered to a lender that offers either subprime products or con
http://www.brokeroutpost.com/reference/146432.htm (Updated: 08/04/2007)
Related Reference Topics: [mortgage, sold, secondary market, why, lender]

BANKRUPTCY is bad. FORECLOSURE is worse.
BANKRUPTCY is bad. FORECLOSURE is worse. Although it is preferable to avoid bankruptcy, it is even better to avoid foreclosure. Foreclosure is the legal process whereby property is repossessed and so
http://www.brokeroutpost.com/reference/102251.htm (Updated: 07/20/2007)

MTA Index Refinance
MTA stands for Monthly Treasury Average, and is also know as the MAT or 12 MAT. The MTA or MAT index is a relatively slow moving ARM index based on the 12 month average of the monthly average yields
http://www.brokeroutpost.com/reference/107005.htm (Updated: 06/24/2007)
Related Reference Topics: [mta, mat, option arm, fixed, arm, index]

Foreclosure
A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.
http://www.brokeroutpost.com/reference/11009.htm (Updated: 05/17/2007)

For Sale By Owner Tips
Tips for your Open House: Clean up the inside of your home. Try and remove the clutter and make your home open and welcoming, people coming through will want to pen every closed and look behind ever
http://www.brokeroutpost.com/reference/14619.htm (Updated: 05/15/2007)

Common dangers in older homes
In most cities there are homes being sold that are over 50 years old. Because of there age there alot of homes that may still have dangerous materials and or old mechanical systems in place. Some of t
http://www.brokeroutpost.com/reference/26935.htm (Updated: 04/12/2007)
Related Reference Topics: [home dangers, lead paint, asbestos]

Why does my loan keep getting sold to other banks?
Does this affect me at all?
http://www.brokeroutpost.com/reference/51167.htm (Updated: 10/10/2006)

Home Improvement
Increase home value vs marketabilty When contemplating a home improvement project it is important to understand the difference between improving the marketablity of your home versus actually increa
http://www.brokeroutpost.com/reference/19491.htm (Updated: 09/18/2006)

What's my house worth?
When looking to refinance, many borrowers ask the question, "How much is my home worth?" The most accurate way to determine the value is to get a professional appraisal done on your home. To get a
http://www.brokeroutpost.com/reference/53141.htm (Updated: 09/06/2006)
Related Reference Topics: [appraisal, home value, house value, avm]

Do I really need a Realtor to sell my home?
If you are looking to sell your home you may be tempted to sell it yourself, as For Sale By Owner. Chances are that you know someone who has successfully sold their home, or maybe you have even sold y
http://www.brokeroutpost.com/reference/39957.htm (Updated: 08/31/2006)
Related Reference Topics: [fsbo, marketing, staging, pricing, market analysis]

What are comparable sales?
Comparable sales are similar homes that have sold nearby, and the price that they have sold for. Comparable sales are used by appraisers to help them in giving an estimation of value for a home.
http://www.brokeroutpost.com/reference/30512.htm (Updated: 08/14/2006)
Related Reference Topics: [comp, comparable, comparables, comps]

Abstract of title
A written history of all the transactions that bear on the title to a specific piece of land. An abstract of title covers the time from when the property was first sold to the present. Used by the tit
http://www.brokeroutpost.com/reference/11445.htm (Updated: 06/27/2006)

Lease Option Purchase
A Lease Option purchase is an agreement entered into between a buyer and a seller where the buyer leases the property for a pre-determined amount of time, usually twelve months. At the end of the l
http://www.brokeroutpost.com/reference/30193.htm (Updated: 06/07/2006)
Related Reference Topics: [lease option]

Homes for sale by owner
A home for sale by owner (FSBO) does not require a great deal of explanation. It is simply a home that is being sold directly by the owner. There is usually no real estate agent being used in this t
http://www.brokeroutpost.com/reference/30518.htm (Updated: 04/05/2006)
Related Reference Topics: [for sale by owner, fsbo, home]

Form 4506
This form is for the investors. Mortgages are sold to investors. Investors will from time to time audit files from mortgage companies. By signing this form you give the lender permission to order a
http://www.brokeroutpost.com/reference/17980.htm (Updated: 03/30/2006)

Why Buy a Resold Home?
Resold homes are often in well established neighborhoods, where most if not all doubt can be removed from question, with regards to how the neighborhood will evolve.
http://www.brokeroutpost.com/reference/21121.htm (Updated: 03/06/2006)
Related Reference Topics: [resold home, new home, buy real estate]

Closing
Also known as settlement, this is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays
http://www.brokeroutpost.com/reference/10986.htm (Updated: 02/19/2006)

Why Buy a New Home?
One benefit to buying a new home is that everything usually will function properly, for a longer period of time -vs- a resold home.
http://www.brokeroutpost.com/reference/21122.htm (Updated: 02/17/2006)

Portfolio Loan
A mortgage loan that is held as an investment by a bank , rather than being sold on the secondary market. It is usually due to the fact that the loan does not comply with the underwriting guidelines
http://www.brokeroutpost.com/reference/19613.htm (Updated: 01/26/2006)