Welcome to Alpha Mortgage Corporation, your source for mortgages and home loans in North and South Carolina with offices in Wilmington, NC, Charlotte, NC, Fayetteville, NC, Asheville, NC and Greensboro, NC. We are also licensed in Florida, South Carolina & Virginia
Mortgage Glossary
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| One year adjustable |
| Mortgage whose annual rate changes yearly. The
rate is usually based on movements of a published index plus a specified
margin, chosen by the lender. |
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| Origination Fee
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| The fee charged by a lender to prepare loan
documents, make credit checks, inspect and sometimes appraise a property;
usually computed as a percentage of the face value of the loan.
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| Owner Financing |
| A property purchase transaction in which the
party selling the property provides all or part of the financing. |
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