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FHA Mortgage
An FHA mortgage is a “first-time home buyer’s mortgage”. It requires a much smaller down payment than conventional loans. Home buyers usually only have to put five percent down instead of the preferred twenty percent most lenders require. The amount…

Fideicomisario (o Fiduciario)
Una parte que tiene la responsabilidad legal de guardar un bien inmueble al interés mejor o “al beneficio de” otra persona. El fideicomisario es alguien que se pone en un puesto de responsabilidad a favor de otro, y esta responsabilidad es legalmente ejecutable en…

Fixed-Rate Mortgage
A Fixed Rate Mortgage charges the same percentage rate of interest over the entire term of the loan (usually 10, 15, 20, or 30 years). Homeowners repay the loan with a fixed, monthly installment of principal and interest.

Foreclosure
A legal term applied to any of the various methods of enforcing payment of the debt secured by a mortgage, or deed of trust, by taking and selling the mortgaged property, and depriving the mortgagor of possession.