Posted by Ed Garcia on March 20, 2001 at 18:09:24:
Born,
Good work. I hope that you picked up on the lesson of me asking you to find some of the remaining answers.
You see in order to be a good librarian, it’s not important that you’ve read every book in the library. It’s only important you know where to find it,
Ed Garcia
Names of different Mortgages and their meaning ! - Posted by Born
Posted by Born on March 19, 2001 at 11:32:30:
Swing Loan is similar in nature to abridge loan or even an interim loan.
NIQ- No income qualifier loan also called a stated income loan.
NIV- No income verification
GPM- Graduted payment mortgage where your payments are gradually going up.
GEM- Growing-equity mortgage where you make extra payments to accelerate your free and clear process.
Essentials of real estate financing by David Sirota