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2. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

3. Mortgage rate locks: What they are, how they work - AOL

   www.aol.com/finance/what-is-mortgage-rate-lock...

   For example, if you lock in a 6.5% interest rate for 45 days and rates jump to 7% a week later, you're still guaranteed a 6.5% rate. ... On a $400,000 mortgage loan, that’s the equivalent of ...

4. What is an acceleration clause? And what triggers it? - AOL

   www.aol.com/finance/acceleration-clause-triggers...

   Unlike forbearance, loan modifications are permanent, so this strategy is best if you expect to experience ongoing hardship and need a major change to the terms of your mortgage.

5. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

6. Mortgage application: What’s included and how to prepare - AOL

   www.aol.com/finance/mortgage-application...

   A loan officer can help you determine which loan is right for you and help you identify the loan’s terms and conditions. 44.8% Percentage of new mortgages that were conventional loans in 2023

7. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Loan to value is a ratio of the loan amount to the value of the property. In addition, the combined loan to value (CLTV) is the sum of all liens against the property divided by the value. For example, if the home is valued at $200,000 and the first mortgage is $100,000 with second mortgage of $50,000, the LTV is 50% while the CLTV is 75%.