What is mortgage redlining?

Answer Redlining is an illegal business practice that represents a form of financial discrimination. The practice was sanctioned by banking laws for several decades in the 20th century.LendingBanks are fr... Read More »

Top Q&A For: What is mortgage redlining

Which organization started real estate redlining in chicago?

Redlining was the discriminatory practice of categorizing a person as either a good risk or a bad risk for a mortgage loan based solely on where the person lived. Redlining of certain neighborhoods... Read More »

What Do Mortgage Companies Charge When a Home Mortgage Is Paid Off?

Selling or refinancing a home usually involves paying off an existing mortgage. In calculating a payoff, which will satisfy and zero out the balance, all unpaid fees and interest must be included, ... Read More »

What is the difference between a mortgage and a second mortgage?

A mortgage is a home loan. There are numerous types of home loans. However, the two most often procured are first and second mortgages. Each type of mortgage has different rules and regulations.Sig... Read More »

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »