Mortgage Brokers

Types of Loans

Some types of loans.....

Seller Financing

Seller financing is a financing where the seller loans funds to the buyer.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance (PMI) is insurance designed to protect the lender in case the borrower can not repay the loan. The insurance premiums are paid by the borro

Prequalification

Loan pre-qualification is a tentative decision on the part of a lender to pre-screen a borrower to determine the total loan amount a person can borrow as well as the loan terms th

Prepayment Penalty

A prepayment penalty is a fee charged by a lender for repaying a loan early. The reason lenders charge prepayment penalties is that the terms of a loan may not make i