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How to qualify for a mortgage in retirement. When seniors apply for a mortgage, lenders look at the same financial criteria as they do for any other borrower, including credit history and score...
To learn how to transfer ownership of a house with a mortgage, you’ll need to talk to your lender and see if your mortgage qualifies for a transfer. Here’s how the process might look: Contact...
Portfolio loans are a type of mortgage that lenders originate and retain instead of selling on the secondary mortgage market. Portfolio loans offer more flexible underwriting standards and...
Compare your options and read each loan estimate you receive thoroughly to choose the best deal for you. After you’ve compared loan estimates and settled on a lender, apply for mortgage ...
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US.
The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, D.C., MBA represents over 2,200 member companies.
The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment. [citation needed]
A VA renovation loan is a type of VA home loan that finances both the home you’re looking to purchase and the cost of home improvements and repairs. It also allows you to refinance and fix up ...
A mortgage banker represents a lending institution that helps homebuyers explore their mortgage options and, ideally, close on a home loan. Unlike a broker, a mortgage banker is tied to a...
The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporation (FSLIC); and nationally-chartered thrifts.