1.
Telling the lender you want to move forward with a loan application.
2.
Loan amounts which exceed the FHFA County Loan Limits
3.
Disclosure form found under HMDA, mortgage lenders use to record, track, and report their annual mortgage lending activities to federal regulators.
4.
Legal claim or hold placed on a property by a creditor to ensure the repayment of a debt or obligation.
5.
Type of insurance found on FHA Loans
6.
Limits how much an ARM can adjust Initially, Periodically, or Life Time
7.
Waives an appraisal, determined by the Automated Underwriting System
8.
Non-QM feature that says if the mortgage is prepaid within a certain time, a penalty will be assessed.
9.
When a borrower makes a large, lump-sum payment toward their mortgage principal.
10.
Refers to the length of time that must pass for funds to be considered fully legitimate
