Toll Free: 1-844-589-9767
Signed in as:
filler@godaddy.com
Toll Free: 1-844-589-9767
Signed in as:
filler@godaddy.com
The Fair Market Value ('FMV') of the property. Properties may be appraised by the lender to find the FMV
Broadly the purpose is classified as Purchase or Refinance. Refinance can further be sub-classified as cash out or no-cash out
Loan amount is used for calculating the Loan-to-Value ('LTV') ratio. For cash out loans, loan amount includes outstanding loan balance plus cash out amount
Single family residential properties are broadly classified into three categories: (i) Single Family Residence, (ii) Condominiums, and (iii) Project Unit Development ('PUD')
Properties may have home equity loans or home equity lines of credit in addition to mortgages. Mortgage rates are generally higher if a property has a subordinated loan. Also metrics, such as Combined-Loan-to-Value ('CLTV') and Total Loan-to-Value ('TLTV') are used to price rates
Mortgage rates vary by credit score. Lenders use a merged credit report which combines credit scores from all three US credit reporting agencies. Generally lenders use the middle score or if two scores are available then lower of the two scores for pricing mortgages
Debt-to-Income ('DTI') is computed by aggregating all monthly debt payments (mortgage and non-mortgage related) and dividing by gross monthly income
Mortgage rates vary depending upon occupancy: (i) primary residence, (ii) secondary residence, and (iii) investment property
Mortgage rates may vary if the borrower(s) are W2 salaried vs self employed.
finbothub CORP. (NMLS: 2222752)
180 TIces lane, bldg a, suite 104b, east brunswick nj 08816
Toll Free: 844-589-9767; Phone: 732-481-2380
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