Private Mortgage Insurance (PMI) is insurance designed to protect the lender in case the borrower can not repay the loan. The insurance premiums are paid by the borro
Loan pre-qualification is a tentative decision on the part of a lender to pre-screen a borrower to determine the total loan amount a person can borrow as well as the loan terms th
A prepayment penalty is a fee charged by a lender for repaying a loan early. The reason lenders charge prepayment penalties is that the terms of a loan may not make i
