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Terms pertaining to American mortgages inc … Terms pertaining to American mortgages include: Main two types Origination and Re-Financing
* Origination: starting from the scrap, Ex, A person wants to buy a home and goes to the bank for the same will get loan of 80% of their LTV.
* Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term, interest rate.to re modify the loan term, interest rate.
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| rdfs:comment |
Terms pertaining to American mortgages inc … Terms pertaining to American mortgages include: Main two types Origination and Re-Financing
* Origination: starting from the scrap, Ex, A person wants to buy a home and goes to the bank for the same will get loan of 80% of their LTV.
* Re-finance: defaulted borrower can apply for the same refinancing procedure to re modify the loan term, interest rate.to re modify the loan term, interest rate.
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Glossary of US mortgage terminology
|
