Mortgage Dictionary Supreme Lending Dallas

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Supreme Lending
Established in 1999, Supreme Lending is a full service mortgage lender with licenses in all 50 states and branches throughout the U.S. Now with thousands of employees across the country, Supreme Lending is a fast-growing company that continues to add new branches thanks to our “customer-comes-first” approach that helps homebuyers realize their dreams of homeownership.
Mortgage Dictionary - jennydurbin.supremelendinglo.com
Mortgage Dictionary . Adjustable-Rate Mortgage (ARM): Mortgage in which the rate of interest is adjusted based on a standard rate index. Most ARM’s have a cap on how much the rate may increase. Amortization: The process through which the mortgage debt is altered, usually declining, as payments are made to the lender. “Negative-amortization” occurs when monthly payments are too small to ...
Mortgage Dictionary - Everett Financial, Inc
Conventional Mortgage: A mortgage loan with terms and conditions that meet funding criteria of Fannie Mae and Freddie Mac. Rates can be fixed or adjustable. Also known as a conforming loan. Debt-To-Income Ratio: A ratio used by lending institutions to determine whether a person is qualified for a mortgage. Debt-to-income is the total amount of ...

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