a. The borrower mortgages the property, giving the lender a claim against the real estate. As the one who does the mortgaging, she is the mortgagor.
A. The shared appreciation mortgage requires some of the profit made when selling the house to be shared with the lender.
B. The role of the secondary market is to keep mortgage money in circulation by buying mortgage loans from primary lenders.
A. A conforming loan meets FNMA underwriting standards and limits on the loan amount.
b. A budget mortgage is a mortgage wherein the lender will escrow money from the borrower’s monthly payment to pay annual taxes and insurance.
a. The borrower mortgages the property, giving the lender a claim against the real estate. As the one who does the mortgaging, she is the mortgagor.
d. The mortgagor (borrower) who deeds the property into trust for the mortgagee (lender) will lose ownership through foreclosure.
D
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