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Home Mortgage Site Archive

  • Fixed Rate Mortgage Vs Variable Rate Mortgage
  • How To Qualify For A Mortgage Loan
  • Getting Your Way Around Home Mortgage Rates
  • Types Of Financing For Home Mortgage
  • Fixed Rate Or Variable Rate
  • Types Of Loan For Home Mortgage
  • Well Fargo Home Mortgage
  • Home Loan Interest Rates
  • How To Lower Home Mortgage Interest Rate
  • Affordability Of Home Mortgage
  • Balloon Mortgage
  • What Is Fha Home Loan
  • Are You Prepared For A Home Loan
  • How To Save For Downpayment
  • Va Loans
  • Fixer Upper Home Mortgage
  • Allied Home Mortgage
  • Home Equity 101
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    Home Mortgage Definitions and Factiods

     

    Home Mortgage Definitions 4

     

    Co-Borrower:

     

    A party who signs the mortgage note along with the primary borrower, and who also shares title to the subject real estate.

     

    Collateral:

     

    Property pledged as security for a debt. For example, real estate that secures a mortgage. Collateral can be repossessed if the loan is not repaid.


    Combined Loan To Value (CLTV):

     

    The mathematical relationship between the total of all loan amounts (first mortgage plus subordinate liens) and the value of the subject property.

     


     

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