Mortgage Banker at Mortgage Glossary
What is it? An individual or company that originates and/or services mortgage loans.Mortgage Dictionary Term Added By: Jordan
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Other Similar Mortgage Terms:
Mortgage Term offer to purchase is A written document submitted by the buyer to the seller containing the price and conditions under which the property will be bought.Mortgage Term Capitalization rate is The percentage rate of return estimated from the net income of a piece of property.
Mortgage Term Air Lot is A designated airspace over a piece of land. An air lot, like surface property, may be transferred.
Mortgage Term Additional principal payment is A payment by a borrower of more than the scheduled principal amount due in order to reduce the remaining balance on the loan.
Mortgage Term Two-step mortgage is An adjustable mortgage with two interest rates, one for the first five or seven years of the loan, and the other for the remainder of the loan term.