Notice of Default
If a borrower falls behind on his mortgage payments, the mortgage lender might file a notice of default, which is an official public notice that
The latest news, tips, and tricks for homeowners
If a borrower falls behind on his mortgage payments, the mortgage lender might file a notice of default, which is an official public notice that
A nonrecourse loan, also known as nonrecourse debt or nonrecourse plan, is one that is secured by collateral. Nonrecourse loans are frequently a type of
A note, also known as a promissory note, is a legal debt instrument where one party makes a promise in writing to pay a certain
A Mortgage Note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally responsible for repayment.
A mortgagor is the person who borrows money to finance the purchase of real estate using the value of the property as collateral for the
Mortgage life insurance is a type of insurance product that pays off a mortgage if the borrower dies.
A mortgage loan originator helps a borrower choose the correct mortgage product and complete the application process.
Mortgage interest deduction is the interest expense on a home loan that the government allows you to subtract from your income prior to computing your
A mortgage lien is a form of conditional ownership of your property claimed by your home loan provider. Since your lender has a claim on
A mortgage bond is a bond in which holders have a claim on the real estate assets put up as its collateral.
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