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Mortage Terms


  > Equity
An owners financial interest in a property calculated by subtracting the amount still owed on the mortgage loonsfrom the fair market value of the property.
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  > Fair Housing Act
A law that prohibits discrimination in all facets of the homebuying process on the basis of race color national origin religion sex familial status or disability.
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  > Amortization
Repayment of a mortgage loan through monthly installments of principal and interest the monthly payment amount is based on a schedule that will allow you to own your home at the end of a specific time period for example 15 or 30 years
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Did You Know?    
 
 
Advisory arbitration is not binding.
If both parties decide to choose advisory arbitration only, no decision will be made and no grants will be awarded.
 

 
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Contact our Norfolk Mortgage Lenders


If you live in the following cities and need a mortgage lender you should contact our Norfolk mortgage lender as soon as possible:

  • Alexandria
  • Annandale
  • Arlington
  • Ashburn
  • Blacksburg
  • Burke
  • Centreville
  • Charlottesville
  • Chesapeake
  • Chester
  • Chesterfield
  • Christiansburg
  • Colonial Heights
  • Culpeper
  • Danville
  • Dumfries
  • Fairfax
  • Falls Church
  • Fredericksburg
  • Front Royal
  • Glen Allen
  • Hampton
  • Harrisonburg
  • Herndon
  • Hopewell
  • Leesburg
  • Lorton
  • Lynchburg
  • Manassas
  • Martinsville
  • Mc Lean
  • Mechanicsville
  • Midlothian
  • Newport News
  • Norfolk
  • Petersburg
  • Portsmouth
  • Powhatan
  • Radford
  • Reston
  • Richmond
  • Roanoke
  • Salem
  • Spotsylvania
  • Springfield
  • Stafford
  • Staunton
  • Sterling
  • Suffolk
  • Vienna
  • Virginia Beach
  • Waynesboro
  • Williamsburg
  • Winchester
  • Woodbridge
  • Yorktown
       
 
Did You Know?    
 
 
Advisory arbitration is not binding.
If both parties decide to choose advisory arbitration only, no decision will be made and no grants will be awarded.
 
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Norfolk Audio & Video    
 
  Brokers Urge New Scale For Jumbo Mortgages
Audio, RM, 48 Kbps, 2:58:00 AM, 8/19/2005
Reporter Scott Horsley reports on federally sponsored underwriters Fannie Mae and Freddie Mac back mortgages up to $369,000. Without federal underwriting, home buyers pay a higher interest rate.
Source: National Public Radio 		 
 
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The information provided on Norfolk Mortgage Lenders.com is not intended to be mortgage advice, but merely conveys general information related to mortgage issues commonly encountered.

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