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A: Why use a Connecticut Mortgage Broker?
Connecticut Mortgage brokers.
Apply for a Connecticut Home Equity Loan
Apply for a Connecticut Home Mortgage Loan
Contact Us
First Time Buyer in Connecticut Seminar Sign Up
Get Pre-Approved or Pre-Qualified
Refinance your Connecticut Home Mortgage Loan
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Mortgage Glossary
Acorn Home Mortgage works with homeowners from prequalification to closing. Whether you are a First Time Home Buyer in Connecticut or trading up, we will assist you to find the best mortgage product for your specific needs. It is about what you can afford and your monthly payment. We personally meet our clients in CT.
Considering refinancing your Connecticut Mortgage, then let our experienced mortgage professionals evaluate your mortgage and debts to determine if you can save at least a month's worth of salary? Refinancing is all about restructuring your total debt to reduce your total monthly payment.
A B C D E F G H I J L M N O P Q R S T U V W Y Z
Gift Letter
A letter verifying that funds given to a borrower are truly a gift and need not be repaid.
Ginnie Mae
see Government National Mortgage Association.
Good Faith Deposit
A sum of money given to demonstrate intention to complete the purchase. With regard to CT mortgages, it is the sum of money given to demonstrate intention to complete the Connecticut home loan, a show of good faith.
Good Faith Estimate
An estimate of charges that a borrower is likely to incur in connection with a settlement. This is required under RESPA (the Real Estate Settlement Proceedures Act)
Government National Mortgage Association (GNMA)
Also known as "Ginnie Mae," provides sources of funds for residential CT mortgages, insured or guaranteed by FHA or VA.
Graduated Payment Mortgage (GPM)
A type of flexible-payment CT mortgage where the payments increase for a specified period of time and then level off. This type of CT mortgage has negative amortization built into it.
Grantee
In a deed, the buyer of real estate.
Grantor
In a deed, the seller of real estate.
Gross Income
Total income before any expenses are deducted.
Gross Monthly Rent ,Multiplier Approach (GMRM)
An income approach to appraising income property that uses the rent that a property is expected to earn to obtain an indication of the property's value.
Growing-Equity Mortgage (GEM)
A fixed-rate CT mortgage that provides scheduled payment increases over an established period of time. The increased amount of the monthly payment is applied directly toward reducing the remaining balance of the CT mortgage.
Guaranty
A promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.
Guarantee Mortgage
A CT mortgage that is guaranteed by a third party.
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