PDF-Things To Check When Choosing Mortgage Company

We are all aware that there are numerous mortgage businesses available But how do you decide which company. In May of 1998, when Colin Philbrick realized the need for a mortgage company that put its clients first, they founded Hanover Mortgage Company. Since their humble beginnings in a Greenville City Airport Office with only one other employee, they’ve grown to more than ten strong and have their own office building off of Wade Hampton Boulevard. What is Mortgage Insurance?. Insurance that is required by Federal Law when the down payment is less than 20% . Mortgage Insurance protects the lender in the event of a default by the borrower. FHA Mortgage Insurance. Information about . the . Mortgage . Credit Certificate. What is it?. It’s NOT a loan product, but an enhancement to a loan . product. Allows borrower to use a tax credit. . Percentage of mortgage interest paid is a direct credit to federal tax liability. What is a . HomePath. home?. A . HomePath. home is a foreclosed home in which Fannie Mae was/is the investor. Fannie Mae’s goal is to sell these homes in a timely manner to help minimize the impact on the neighborhood. Jim Womack, CFA. Managing Director & Principal. March 2011. Mortgage-Backed & Asset-Backed Securities. Introduction: High Credit Quality and Cash Flow Stability. For Some, A Mortgage-Backed (MBS) or Asset-Backed Security (ABS) Carries a Negative Connotation.. If you are trying to purchase homes, make sure you profit from all the knowledge and skills of a professional mortgage broker. Read more!

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