Phone Call (888) 519-7677 or
mailQuick Connect for a consultation

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Secondary Mortgage Market
Where existing mortgages are bought and sold.

Security
The property that will be pledged as collateral for a loan.

Seller Carry-back
An agreement in which the owner of a property provides financing, often in combination with an assumable mortgage. See Owner Financing.

Servicer
An organization that collects principal and interest payments from borrowers and manages borrowersÍ escrow accounts. The servicer often services mortgages that have been purchased by an investor in the secondary mortgage market.

Standard Payment Calculation
The method used to determine the monthly payment required to repay the remaining balance of a mortgage in substantially equal installments over the remaining term of the mortgage at the current interest rate.

Step-Rate Mortgage
A mortgage that allows for the interest rate to increase according to a specified schedule (i.e., seven years), resulting in increased payments as well. At the end of the specified period, the rate and payments will remain constant for the remainder of the loan.


CFPB's Settlement Cost Booklet - DOWNLOAD NOW
Press Releases
27
Feb

1st Constitution Bancorp Revises Payment Date of Five Percent Stock

Click Here to Download

20
Feb

1st Constitution Bancorp Declares Five Percent Stock Dividend

Click Here to Download

APR Calculator

Enter Loan Information:

1) Amount of the loan:
2) Interest Rate:
3) Length of Loan (years):
4) Application / Processing Fees ($):
5) Total Closing Costs:

APR Information:

6) APR (%):
Total Loan Fees ($) Monthly Payment on Loan ($ / Month) Effective Monthly Payment ($ / Month)

Mortgage Calculator

Enter Loan Information:

1) Amount of the loan:
2) Interest Rate:
3) Length of Loan (years):

Payment Information:

4) Principal and Interest per Month: