Avoid Mortgage Foreclosure
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Foreclosure - Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a piece of real property (immovable property) due to the owner's failure to comply on its promissory note. When the process is complete, it is typically said that "the lender has foreclosed its mortgage or lien.
Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.
Mortgage Life Insurance - Mortgage Life Insurance is a form of insurance specially designed to protect a repayment mortgage. If the policyholder were to die whilst the mortgage life insurance was in force, the policy will pay out a capital sum that will be just sufficient to repay the outstanding repayment mortgage.
Primary Residential Mortgage Incorporated - Primary Residential Mortgage Incorporatedis an independent originator "direct lender" of residential mortgage loans. We underwrite, fund and sell our mortgage products to the top correspondent mortgage investors in the United States.
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