I need definitions, articles to explain to me what these are?

Question

1. Variable verse Fix Rate
2. Mortgage Leading
3. State/ Commission Housing Market
4. Proprietarily Leading
5. Upside Down Loan Mortgage
6. Mortgage Re-Financing

if you can just pick like two cause that is all i need. Feel free to be an overachiever.

Answer 1

1. Interest rates are offered fixed at a certain percentage or a rate that will change as the economy strengthens or weakens. A variable rate is usually offered lower than a fixed rate because it is a gamble.

2 Mortgage lending - lending money on real property (land and the improvements on land like houses)

3 Each state has a regulatory board the oversees Realtors to make sure they are all abiding to the law and not manipulating the real estate market

4 Predatory Lending - Certain lenders who bend and break the laws governing their business practices to get loans that would normally not be approved, to become approved often resulting in default.

5 Upside down loan mortgage - When you owe more money on your house than your house is worth.

6 Mortgage re-financing is simply paying off your loan by getting a new loan which is done to take advantage of better rates, change the terms of the loan and to take advantage of existing equity (and a number of other various reasons

Answer 2

A variable rate changes whenever the index it's tied to changes. Indices include LIBOR or CMT. Generally there's no cap.

A fixed rate never changes for the entire term of the loan.

There's also an Adjustable Rate Loan, which is usually fixed for some period of time, 3 years or 5 years for instance, then adjusts on a regular basis, every 6 months or a year. There is generally a cap for each adjustment and for the overall rate.

Mortgage is lending...it's lending money for people to buy houses or refinance them.

Refinancing is making a new loan for an existing mortgage. The new loan replaces the existing one, either lowering the rate or payment, or including additional funds for the borrower's use.

You could just search these terms for yourself, but I'm kind of bored in my last 15 minutes at work.

Answer 3

Variable vs fixed rate,
a Comparison between a loan that has an adjustable rate, and a loan that stays at the same rate over the life of the loan.
Mortgage refinancing, meaning aquiring a new loan to replace an existing loan either for a change in terms or to pull out cash dependent on amount of equity, some of the other terms you are asking about seem a little odd. Upside down loan mortgage, An upside down loan would be a loan that was approved on a certain appraisal and suddenly that property no longer retains the value originally placed on it, it's lost equity and you owe more than it's worth. ( i assume i've never heard it worded that way before.) i worked for long beach mortgage subprime lender so my answers are limited to one field of the industry

Answer 4

No matter what you all say Harbhajan needs to be rubbed out for the rest of the year. I know that wont happen as the referee will be too gutless to do anything. He is too scared of the voting power of the Asian cricket nations who will vote to sack him if he judges against the Indian player. Just like they did with Darryl Hair when Pakistan were cheating. India has taken over as the worlds biggest whingers. Whenever they lose they blame the umpires.

Answer 5

investopedia.com

Answer 6

look here:

http://www.realestateabc.com/glossary

http://www.mortgage101.com/partner-scripts/1038.asp?p=cdunn

http://www.hud.gov/offices/hsg/sfh/buying/glossary.cfm