First Time Home Buyers
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"Real Estate Definitions"
Loan-level pricing adjustments (LLPA) are mandatory fees designed to better align the mortgage rate and fee with the loan characteristics.
Continue Reading →Loan-level pricing adjustments are mandatory loan fees based on a borrower’s specific default risk.
Continue Reading →A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
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