Betty Goyens, Your Malibu Agent

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Wraparound Mortgage

2022-01-14T00:46:29-05:00January 14, 2022||

Results when an existing assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate. The payments are made to a second lender [...]

Warehouse Fee

2022-01-14T00:46:17-05:00January 14, 2022||

Many mortgage firms must borrow funds on a short-term basis in order to originate loans that are to be sold later in the secondary mortgage market or to investors. When the prime rate of interest [...]

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