Mortgage technical terms

[totallyproperty]

As more and more people look to climb aboard the property ladder there are various technical terms which you need to be fully aware of when arranging mortgage finance. If you would like an explanation of any of the technical terms used in the mortgage industry please post your questions below and we will publish an explanation for you.

 

[AshleyJohnson]

Montgomery, AL New Homes for Sale

A deficiency in a loan agreement that arises not from a failure to make payments as promised, but from a failure to uphold some other aspect of the loan terms. Technical default indicates that the borrower may be in financial trouble, and can trigger an increase in a loan's interest rate, foreclosure or other negative events.

 

[Brad Henry]

How can i find the high class homes for sale in Montgomery Alabama at affordable price?