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Home Offers USA >> Glossary >> Glossary - W
Stop foreclosure sell
Glossary - W
Waiver
It’s the voluntary rejection or surrender of some claim,
right, or license.
Warehousing
It’s covering together many mortgages for the intention
of selling your homes in the secondary market,
habitually by a mortgage banker who has originated the loans.
Warranty
A promise contained in a contract with respect to a particular
venture.
Wire Transfer Fee
A fee stimulated by some lenders to cover up the cost of wiring
the mortgage funds to the apposite parties, such as the title
company or attorney, so that they are accessible for closing.
It’s for the assessment purposes whereby a wire transfer
fee is considered to be a third party fee. Conversely, some
lenders may not charge for this service.
Wraparound Loan
It’s a loan that includes the outstanding balance on
a fundamental first loan. As an alternative of having separate
first and second mortgages, wraparound loan can be considered
because of the reason that it has both the options.
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