Archive for: December 17, 2006

A mortgage refund is paid to the home buyer for using a particular mortgage company broker.

Different mortgage brokers offer different incentives.  Most offer pay structures that offer higher refunds for higher mortgages.

Refunds help the mortgage broker get repeat business and …

A commercial mortgage is basically the same as any other mortgage except you are purchasing commerical property.

The lenders want to make sure that the money is repaid.  The lender will want to make sure the commercial property is worth their investment …

There are two types of mortgage insurance, a lender’s mortgage insurance and a borrower’s mortgage insurance.

A lender mortgage protects the lender if the borrower defaults on the home loan.  The insurance will protect the lender from any losses.

This is required …