Tag Archives: Mortgage loan

What is a participation Mortgage?

  A particiation mortgage relates to two different types of mortgages. 1- A mortgage in which two or more lenders participate in making the loan.  The participation agreement between the lenders may provide that each participating lender owns a pro … Continue reading

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What Is A Mortgage Loan Recast?

A Mortgage Loan Recast- refers to a change in the mortgage principal or a change in the length of the time left on the mortgage. A loan recast occurs when a substantial principal payment is made.  The lender recasts the … Continue reading

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Different Types of Home Loans to consider when buying your Brooklyn Home

Types of Home Loans FHA Loans- FHA is a government insured loan that has a minimum downpayment of 3.5% for home buyers.   Some Downpayment and closing cost can be gifted. Conventional Loans- Downpayment requirements  can range from 5-20%.  Conventional loans … Continue reading

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