Nitro West Virginia home loan financing no matter what your credit status is. We understand how it feels to be shunned or denied because of credit problems. That's why we have Bad Credit experts standing by to help. We have mortgage lenders available to help you accomplish your financial goals for the future. If you're looking to buy a new home in Nitro, refinance your current mortgage, or looking for information about other mortgage options, fill out our quick form and a Nitro, West Virginia lender will get in touch with you in no time at all.
Mortgage Refinancing in Nitro, West Virginia.
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Assessed Value The value that a taxing authority, such as a county assessor places on real property as a base for computing property taxes. Generally assessed at 80% of value.
Federal Housing Administration (FHA) An agency of the U.S. Department of Housing and Urban Development (HUD). It insures residential mortgage loans made by private lenders. FHA also sets standards for underwriting mortgages.
Fixed-Rated Mortgage A mortgage on which the interest rate is set for the term of the loan.
Reverse Annuity Mortgage (RAM) A form of mortgage in which the lender makes periodic payments to the borrower using the borrower's equity in the home as Satisfaction of Mortgage: The document issued by the mortgagee when the mortgage loan is paid in full. Also called a release of mortgage.