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Higher-priced mortgage loan
Higher-priced mortgage loan In general, a higher-priced mortgage loan is one with an annual percentage rate, or APR, higher than a benchmark rate called the […]
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Government recording charges
Government recording charges Government recording charges are fees assessed by state and local government agencies for legally recording your deed, mortgage and documents related to […]
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Good Faith Estimate
Good Faith Estimate A Good Faith Estimate (GFE) is a form that a lender must give you when you apply for a reverse mortgage. The […]
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Freddie Mac
Freddie Mac The Federal Home Loan Mortgage Corporation (Freddie Mac) is a private corporation founded by Congress. Its mission is to promote stability and affordability […]
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Foreclosure
Foreclosure Foreclosure is when the lender or servicer takes back property after the homeowner fails to make mortgage payments. In some states, the lender has […]
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Force-placed insurance
Force-placed insurance Your servicer may require force-placed insurance when you do not have your own insurance policy or if your own policy doesn’t meet your […]
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Forbearance
Forbearance Forbearance is when your servicer allows you temporarily to pay your mortgage at a lower rate or temporarily to stop paying your mortgage. Your […]
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Fixed-rate mortgage
Fixed-rate mortgage A fixed-rate mortgage is a type of home loan for which the interest rate is set when you take out the loan and […]
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First-time home buyers (FTHB) loan programs
First-time home buyers (FTHB) loan programs First-time home buyers (FTHB) may use a number of different types of loan programs to purchase their first home. […]
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Finance charge
Finance charge A finance charge is the total amount of interest and loan charges you would pay over the entire life of the mortgage loan.
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