Page best viewed at 1024 x 768

Gabriel Mortgage Services, LLC.                                                                      

 
Welcome

Home
Buying A Home
Education Center
Mortgage Calculator
Understanding Credit
Contact Us
Search

 
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

 

 

Negative Amortization
Occurs when your monthly payments are not large enough to pay all the interest due on the loan. This unpaid interest is added to the unpaid balance of the loan. The danger of negative amortization is that the home buyer ends up owing more than the original amount of the loan.
 
Net Effective Income
The borrower's gross income minus federal income tax.
 
Non Assumption Clause
A statement in a mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender. Note: The signed obligation to pay a debt, as a mortgage note.
 
Note
A legal document that obligates a borrower to repay a mortgage loan at a stated interest rate during a specified period of time.
 



 


 

Message 1

 
 

Message 2

 
 

 

GNMortgagelet us unlock the door!

1(262)842-0250

 

Site Engineered By

Efficient Solutions