Today's Rates Loan Programs Important Links Payment Calculator Lorcan Lucey 800.489.4355 Contact Form Send Email Send Email Lucey Mortgage Corporation 861 Coleman Blvd. A signed statement by a gift donor explaining that a cash gift used by the borrower to qualify for a loan does not have to be repaid. A document prepared by the lender that tells borrowers the estimated cost they will pay at or before closing. The lender must mail the GFE to the applicant within three business days after the application is received. Hazard Insurance Insurance that compensates the insured for loss on property because of physical damage by fire, wind, or other natural disaster.
Lenders commonly use indexes to establish interest rates charged on adjustable rate mortgages.
The charge for borrowing an amount of money for a certain period of time. Also known as the note rate .