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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
Waiver of Lien
Usually a contractor who holds legal claim to the value of materials provided until paid in full. If this contractor executes a waiver of lien, the claim is surrendered against the property that the work has been done on.
Warehousing
Depositing loans in a bank by a lender for sale at a later date. The lender borrows lending funds on a short-term basis with the permanent real estate loan pledged as collateral. This form of interim financing is used until the real estate loan is sold to the permanent investor.
Warehouse Fee
Many CT mortgage firms must borrow funds on a short term basis in order to originate Connecticut home loans which are to be sold later in the secondary CT mortgage market (or to investors). When the prime rate of interest is higher on short term loans than on CT mortgage loans, the CT mortgage firm has an economic loss which is offset by charging a warehouse fee.
Warranty Deed
A deed in which the grantor guarantees good clear title to the property. This is always the best deed to want when buying a home.
Wire Transfer
A quick way to move cash between banks. Very often funds for closing a wire transferred from the lender to whomever is doing the closing on mortgage loan.
Wraparound CT Mortgage
Results when an existing assumable Connecticut home loan is combined with a new Connecticut home loan, resulting in an interest rate somewhere between the old rate and the current market rate. The payments are made to a second lender or the previous homeowner, who then forwards the payments to the first lender after taking the additional amount off the top.
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