How You Refinance Matters » Mortgage Glossary

Your Right of Rescission

Robert Regehr — Tue, 08 May 2012 16:10:01 +0000

What is your Right of Rescission and how does it protect you when refinancing? Click here to find out how you're protected from buyer's remorse.

Your Right of Rescission is a post from Robert Regehr's Mortgage Refinancing Blog.

What Is a Loan Originator?

Robert Regehr — Sun, 29 Apr 2012 14:47:18 +0000

What is a loan originator and can this person get you the best deal for your next home loan? Click here for a tip that can save you thousands.

What Is a Loan Originator? is a post from Robert Regehr's Mortgage Refinancing Blog.

No related posts.

Wholesale Mortgage Loans

Robert Regehr — Sun, 08 Nov 2009 21:11:11 +0000

Wholesale Mortgage Loans can save you thousands of dollars every year. Here's how to get one.

Wholesale Mortgage Loans is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Closing Costs Explained

Robert Regehr — Sun, 13 Sep 2009 21:54:27 +0000

Mortgage closing costs are the reason your neighbors overpay for their home loans. Here's how to avoid mortgage junk fees.

Mortgage Closing Costs Explained is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Discount Point Fee

Robert Regehr — Tue, 21 Jul 2009 01:18:48 +0000

Should you pay the Mortgage Discount Point Fee on your next home loan? The answer might surprise you…

Mortgage Discount Point Fee is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Processing Fee Definition

Robert Regehr — Sat, 18 Jul 2009 23:09:35 +0000

Is the mortgage processing fee a junk fee? Here’s what you need to avoid overpaying for your next mortgage loan.

Mortgage Processing Fee Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Typical Loan Origination Fee

Robert Regehr — Wed, 08 Jul 2009 20:48:35 +0000

If you’re refinancing here is what a Typical Loan Origination Fee should be so you won’t overpay.

Typical Loan Origination Fee is a post from Robert Regehr's Mortgage Refinancing Blog.

Yield Spread Premium (YSP)

Robert Regehr — Sat, 27 Jun 2009 21:56:06 +0000

Yield Spread Premium is the most expensive mortgage pitfall you’ll encounter when refinancing your home. Here’s how to avoid paying too much.

Yield Spread Premium (YSP) is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Annual Percentage Rate

Robert Regehr — Wed, 18 Feb 2009 22:17:08 +0000

Are you in the market to refinance your existing mortgage loan? Do you find terms like APR, Mortgage Rate, and Points confusing and misleading? You’re not alone…most homeowners never fully understand what the Annual Percentage Rate is or how points affect their mortgage rate and closing costs. Here are several tips to help demystify mortgage [...]

Mortgage Annual Percentage Rate is a post from Robert Regehr's Mortgage Refinancing Blog.

Par Mortgage Rates Definition

Robert Regehr — Thu, 01 Jan 2009 21:11:01 +0000

If you are considering refinancing your existing home mortgage loan a par mortgage rate could save you thousands of dollars every year that you have the mortgage. The problem is that all of the mortgage rate quotes you see online and from your local mortgage companies include some markup to create a commission for the [...]

Par Mortgage Rates Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Wholesale Mortgage Lenders

Robert Regehr — Sun, 28 Dec 2008 20:56:03 +0000

If you’re considering refinancing your home mortgage loan in 2009 and are looking for a wholesale lender there are several things you need to know in order to take advantage of wholesale rates. As a member of the public you cannot simply contact a wholesale lender expecting to refinance your home mortgage with a wholesale [...]

Wholesale Mortgage Lenders is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing and Your Loan to Value Ratio (LTV)

Robert Regehr — Fri, 19 Dec 2008 02:19:57 +0000

If you are considering mortgage refinancing, understating loan-to-value ratio could make the process less painful for you. Many homeowners glaze over at the “technical terminology” associated with mortgage loans like loan-to-value ratio and yield spread premium. If you are such a homeowner here are the basics you need to know about loan-to-value when refinancing your [...]

Mortgage Refinancing and Your Loan to Value Ratio (LTV) is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Principal, Interest, Taxes and Insurance Definition

Robert Regehr — Sat, 08 Nov 2008 20:58:32 +0000

Your mortgage payment that includes loan Principal, mortgage Interest, property Taxes, and homeowner Insurance is commonly referred to as PITI. Payments of this type are often paid through an escrow company. Your mortgage lender will receive the loan principle an interest to pay down your mortgage loan. The escrow company will then pay your homeowners [...]

Mortgage Principal, Interest, Taxes and Insurance Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Rate Locking Definition

Robert Regehr — Wed, 05 Nov 2008 20:07:44 +0000

Locking in your mortgage rate is when the lender backing your mortgage secures the money for your loan at a specific interest rate, term length, and dollar amount. A typical rate lock period is for thirty days but it is possible to lock your interest rate for more or even less time. Keep in mind [...]

Mortgage Rate Locking Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Balloon Mortgage Risks

Robert Regehr — Wed, 01 Oct 2008 17:11:27 +0000

Balloon mortgages are home loans that have a payment schedule based on long term repayment but have the entire balance due after a shorter period of time. As an example a seven year balloon mortgage would have payments based on a 30 year term length but the entire remaining balance will be due after seven [...]

Balloon Mortgage Risks is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Amortization Definition

Robert Regehr — Sat, 27 Sep 2008 23:32:40 +0000

Your home loan’s amortization schedule is the breakdown of repayment necessary to pay off your mortgage loan. There are two parts to your mortgage payment: loan principle that pays down your balance and loan interest. Your amortization schedule shows you how much of your payment is applied to the loan principle and how much is [...]

Mortgage Amortization Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Refinancing Mortgage Rates Defined

Robert Regehr — Thu, 18 Sep 2008 22:41:36 +0000

If you are refinancing your home loan, the mortgage rate you receive is one of the most important aspect of your loan. One of the most important aspects of your refinancing mortgage rates is whether or not the person arranging your loan is generating a commission for them self by marking up your mortgage rate. [...]

Refinancing Mortgage Rates Defined is a post from Robert Regehr's Mortgage Refinancing Blog.

Annual Percentage Rate Definition

Robert Regehr — Fri, 12 Sep 2008 19:52:04 +0000

Annual Percentage Rate (APR) is an interest rate that factors in costs and fees for your mortgage loan in addition to the mortgage rate. APR is expressed as a yearly rate of interest and was intended to give you an idea of the total cost of borrowing. Annual Percentage Rate is not the mortgage rate [...]

Annual Percentage Rate Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Cash Out Refinance Definition

Robert Regehr — Fri, 12 Sep 2008 02:09:51 +0000

Cash out mortgage refinancing is a less expensive option for tapping into your equity than home equity lines of credit or second mortgages. Here is the basic definition of a Cash Out Refinance. Suppose for example, your home is valued at $350,000 and you owe $150,000 on your existing 30 year, fixed rate mortgage. It [...]

Cash Out Refinance Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Insurance Definition

Robert Regehr — Fri, 05 Sep 2008 01:12:17 +0000

Mortgage Insurance, also known as Private Mortgage Insurance (PMI) can add hundreds of dollars to your monthly payment amount with no benefit to you, the homeowner. Here are the basics you need to know about mortgage inurance whether you are purchasing your home or refinancing an existing loan. Mortgage Insurance is a policy you pay [...]

Mortgage Insurance Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Home Appraisal Definition

Robert Regehr — Wed, 03 Sep 2008 23:29:52 +0000

When you take out a mortgage the appraisal is part of the package sent to underwriting at your lender. It doesn’t matter if the mortgage is to purchase your home or to refinance, you must have a recent appraisal in order for the lender to approve your home loan. Your home’s appraisal is an estimate [...]

Home Appraisal Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

FHA Mortgage Definition

Robert Regehr — Wed, 03 Sep 2008 19:48:00 +0000

FHA mortgages are a type of government backed home loan. While FHA mortgage loans have been around for some time, the program was recently expanded to include FHASecure loan offerings to assist homeowners with adjustable rate mortgages that they can no longer afford. Here is the basic definition of FHA Mortgage Loans. FHA Mortgage Loans [...]

FHA Mortgage Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

HUD-1 Statement Definition

Robert Regehr — Tue, 02 Sep 2008 23:03:13 +0000

The HUD-1 Settlement Statement is one of the most important loan documents you will encounter when taking out a mortgage loan. The information on your HUD-1 can make the difference between getting a good home loan and overpaying thousands of dollars. The HUD-1 Settlement Statement is defined as a loan document required by the Real [...]

HUD-1 Statement Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Conforming Mortgage Loan Definition

Robert Regehr — Tue, 02 Sep 2008 01:39:03 +0000

The term “conforming” means that a loan adheres the limits set by Fannie Mae and Freddie Mac. A Conforming Mortgage Loan is a conventional home loan that equals or is less than the government limits established by Fannie Mae and Freddie Mac. The current limit for a traditional mortgage loan is $417,000; however, in some [...]

Conforming Mortgage Loan Definition is a post from Robert Regehr's Mortgage Refinancing Blog.

Good Faith Estimate Definition

Robert Regehr — Mon, 01 Sep 2008 21:55:14 +0000

The Good Faith Estimate is an important and frequently misunderstood document you will encounter whenever applying for a mortgage loan. What is a Good Faith Estimate and what is it really good for? Good Faith Estimate (GFE) is a mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to [...]

Good Faith Estimate Definition is a post from Robert Regehr's Mortgage Refinancing Blog.