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In Florida, when a homeowner misses payments, a lender charges a late fee, warns the borrower, sends a breach letter and then files a lawsuit for foreclosure in state court, as Nolo explains. If homeowners don't provide ... More »

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A mortgage payoff letter is a letter from a mortgage lender that explains to the borrower how to pay off the home loan. As the end of a loan agreement approaches, the borrower requests a mortgage payoff letter in order t... More »

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A home loan modification letter, sometimes also called a hardship letter, is a request from a borrower to a lender to change the terms of a home loan. Borrowers typically write these letters when they can no longer affor... More »

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After a lender initiates foreclosure proceedings against a homeowner, he has two rights to stop a foreclosure from happening: the right to reinstate his mortgage and the right to redeem, according to John Roska at The Ne... More »

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The My Loan Detail website has comprehensive information about a new homeowner's mortgage agreement, including details on payments, fees and responsibilities of the borrower and lender, reports Carrington Mortgage Servic... More »

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The loan disbursement fee is charged by the lender when student loan funds are given to the borrower. It's also called a loan or origination fee, states the Department of Education. The fee varies by lender and is usuall... More »

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A mortgage commitment letter is a statement from a lender to the borrower which confirms that the borrower has secured the loan and can now go ahead with closing, according to The Nest. The letter highlights the terms of... More »

www.reference.com Business & Finance Credit & Lending