Questions on Mortgage Options
What
Is a Temporary Buydown?
Why Is it the Most Effective Way of Using Excess Cash to Reduce the Expense
Ratios Used to Qualify Borrowers?
Why Is it Easy to Be Ripped Off on a Temporary Buydown?
What
Is a Demand Clause?
Is
There Any Advantage Closing a Loan on One Day of the Month as Opposed to Any
Other Day?
Which
Prime Borrowers Should Opt For a Prepayment Penalty?
Is There Any Way Sub-Prime Borrowers Can Avoid a Prepayment Penalty?
Is There Any Way a Borrower Who Has Prepayment Penalty Clause in His Note
Can Get Out of it?
When
You Take Out a Mortgage, Does It Make Sense to Buy a Life Insurance Policy That
Will Pay Off the Balance if You Die?
What
is a Portable Mortgage? How Much Does it Cost? For What Type of Borrower
Might it Be a Useful Option to Buy?
What
is an Assumption? Who Does it Benefit and Who Does it Hurt? What Determines its
Value? When Might it Lead to a Wrap-Around? Why Don't Lenders Offer Assumability
as an Option? What is the Danger to Sellers in Having Loans Assumed by
Buyers?
What Is a No-Cost Mortgage? For What Kinds of
Borrowers Is It Most Suitable?
Why Are Small
Loans Often Not Available or Only Available at Very High Rates?
Do All Lenders Offer
No-Cost Loans?
MY
QUESTION IS NOT HERE. I WOULD LIKE TO LEAVE IT FOR THE PROFESSOR
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