How Mortgage Loan Is Processed by Expert Village

Most lenders will start the majority of mortgage loan processing once a Purchase Contract is submitted. The Purchase Contract is also known as the "Offer To Purchase". The most important role that a borrower can play in loan processing is to be attentive... Read More »

Mortgage Down Payment Amounts by Expert Village

Average loans and lenders require that homeowners put at least 3% down towards the purchase of their home. There are some mortgage programs that fund at 100% that don't require any down payment, but these typically have a higher interest rate, and you... Read More »

How to Qualify for a Mortgage by Expert Village

Hi, I'm John Jackson from Remax Suburban in St. Louis, Missouri. I'm here today to talk about how to buy a house for Expert Village. With the contract in place, it's now time to turn that pre-approval for a mortgage into a full approval for a mortgage... Read More »

Home Mortgage Loan Documentation by Expert Village

Lenders must provide borrowers documentation by law, it's the Real Estate Settlement Procedures Act, disclosures associated with your loan. These disclosures are your Good Faith Estimate, your Truth In Lending, your Servicing Disclosure, and your... Read More »

How to Amortize a Mortgage by eHow.com

You have decided to purchase a home and want to see the breakdown of the payments. Amortizing a loan is separating the principal and interest and seeing the loan balance at any given time during the loan. Read on to learn how to amortize a mortgage. Read More »