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More people find refuge with FHA mortgages - Atlantic City PressThe U.S. housing agency created in the depths of the Great Depression is once again doing a brisk business helping stabilize the mortgage finance market. Demand for loans insured by the Federal Housing Administration is soaring, after years of being ...
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Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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