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Mortage Terms


  > Mortgage insurance premium MIP
A monthly payment -usually part of the mortgage payment - paid by a borrower for mortgage insurance.
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  > Lease purchase
Assists low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account for use as a down payment.
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  > Closing costs
Customary costs above and beyond the sale price of the property that must be paid to cover the transfer of ownership at closing these costs generally vary by geographic location and are typically detailed to the borrower after submission of a loan application.
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Did You Know?    
 
 
The advantages of arbitration.
Arbitration brings cases to resolution much more time efficient and less expensive than traditional litigation does. Of greatest advantage to the employee or consumer is the fact that arbitrators are better situated than judges or juries to do equity. In

 

 
   More Topics That Mortgage Lenders Can Assist With:

Loan Programs
Direct Lenders
Mortgage Rates
Imperfect Credit
Home Equity Loans
First Time Buyer
Pre-approval
No Doc Loans
No Fee Loans
Interest Only Loans
Lender Fees
Title Charges
Miscellaneous Charges
Prepaid Expenses
Commercial Real Estate
New Construction
Condemnation
Second Mortgage
Landlord / Tenant
Mortgage Matters
Home Equity


Contact our Oklahoma Mortgage Lenders


If you live in the following cities and need a mortgage lender you should contact our Oklahoma mortgage lender as soon as possible:

  • Ada
  • Altus
  • Ardmore
  • Bartlesville
  • Bethany
  • Broken Arrow
  • Chickasha
  • Choctaw
  • Claremore
  • Collinsville
  • Duncan
  • Durant
  • Edmond
  • El Reno
  • Enid
  • Guthrie
  • Lawton
  • Mcalester
  • Miami
  • Muskogee
  • Mustang
  • Norman
  • Oklahoma City
  • Okmulgee
  • Owasso
  • Ponca City
  • Sand Springs
  • Sapulpa
  • Shawnee
  • Stillwater
  • Tahlequah
  • Tulsa
  • Yukon
       
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Oklahoma Audio & Video    
 
  Brokers Urge New Scale For Jumbo Mortgages
Audio, RM, 48 Kbps, 2:58:00 AM, 8/19/2005

Reporter Scott Horsley reports on federally sponsored underwriters Fannie Mae and Freddie Mac back mortgages up to $369,000. Without federal underwriting, home buyers pay a higher interest rate.
Source: National Public Radio
 
 
Oklahoma External Sites    
 
 

OIG Oklahoma Audit Reports - HUD
We surveyed First Mortgage Company (lender), Oklahoma City, Oklahoma, because of its high number of defaults and claims. The lender is the largest ..

 


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