Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.1003
The 1003 is the popular abbreviated term for the Universal Residential Loan Application. This document is often many pages long and usually has one page which is completely blank besides the template wording on the top and bottom...1-4 Family Rider (Assignment of Rents)
The Family Rider transfers the owner's right to collect rents to the lender. Another interesting feature of the Family Rider is that it could stipulate that additional property is subject to the security instrument such as...80-10-10 Loan
See "Combination loan". An 80-10-10 loan is also refered to as a picky back loan. An 80-10-10 loan allows a borrower to pay 10% down, borrow 80% of the purchase price on one loan, and get a second...