Financing Booklet - Page 5 |
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Page 5 of 5
INDEXAdjustable rate mortgage 61 Adjustable rate mortgages 68 Amortization 17, 61, 62
Appraisals 13, 27, 28, 51, 62, 64 Balloon mortgages 19, 62 Banks 13, 49 Bootstrap financing 16, 44, 50, 51, 53, 55, 57 Building materials 55, 57, 68 Closing costs 17, 18, 20, 45, 50, 56, 62 Construction loans 13, 14, 18, 19, 22, 45, 49, 53, 62, 63 Convertible rate mortgages 62
Credit card 56 Credit cards 48, 55 Credit line 56 Credit lines 48, 55 Credit reports 21, 26, 62, 64 Credit unions 13, 49 Disclosure requirements 20, 21, 63 Draws 18 Energy efficiency 15, 29, 41 Equal Credit Opportunity Act 21 Equity 63, 65 Ex Tech 233 22 Fair Credit Reporting Act 21 Family financing 16, 48, 51-53 Fannie Mae 23, 29, 42 FHA 13, 20-22, 29, 67 Financing phobia 41 FmHA 21, 22 Freddie Mac 23 Ginnie Mae 23 Graduated payment mortgages 63 Gross income 6, 45, 63, 66 Home and business 59 Home equity loans 48, 49, 53, 55, 68 Home loan companies 13, 49 Income tax 26, 40, 65 Inspections 18, 63 Interest 13, 17, 19, 21, 26, 36, 41, 51, 55, 61-63, 65-68 Key List 5, 10 Kit homes 41, 68 Loan application 20, 23, 40, 43, 63, 64 Loan origination fee 36, 64 Loan-to-value ratio 42, 64 Long term debt 6-8, 66 Maximum mortgage amount 6 Maximum monthly housing costs 6-8, 41, 66 Maximum mortgage amount 6 Mortgage brokers 12, 49 Mortgage companies 12, 49 mortgage insurance 65, 68 Mortgage types 68 Mortgage-free home 57 Mortgagee 65 Mortgagor 65 Multifamily dome 58 National Dome Council 15, 29 owner-builder 15, 54, 55, 67 Permanent mortgage 14, 18, 19, 26, 51, 52 Personal financial statement 42 Points 17, 19, 38, 65, 68 Principal 17, 19, 41, 61, 65, 66 Purchase money mortgage 56 Qualifying ratio 6, 42, 66 Recording fees 66 Refinancing 37, 40, 50, 67, 68 RESPA 20 Savings and loans 13, 49 Secondary mortgage market 20, 23, 42 Seller financing 56 Settlement costs 20, 62 Short term loan 51, 55, 56 Sources for financing 12 Stage financing 16, 17, 44, 53, 54 Sweat equity 2, 56 Term 66 Truth-In-Lending Act 21 VA 13, 20, 21, 29, 67 Wish List 5, 10 |