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Bad Credit? Qualify Yourself For A Zero Down Mortgage Loan - by Nick Graziano
- ...closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad, I’m talking about a bankruptcy 2 years ago, thousands of dollars in outstanding collections, charge-offs...
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Easing Your Way Into Homeownership - by W. Troy Swezey
- There’s no question about it: Buying a first home is a big financial commitment. In most cases, a home is the largest single purchase an individual or family will make in a lifetime. However, because ...
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Find The Best Mortgage Rate For You - by Kent Clarke
- Most people tend to take out a mortgage, then forget about it. The monthly payments go out from their accounts every month, but they probably couldn't tell you what the interest rate was if you asked! This is slack financial policy - it is easy to make sure you always have the best mortgage rate, and therefore pay the least interest...
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Five Things Never To Tell Your Mortgage Lender When Facing Foreclosure - by Bobby Johnson
- Never discuss your household finances over the phone with the collection department. What you don’t know is that you are being qualified and not know it. This is the easiest and fastest way to get a turn down. Request a homeowners assistance package so that you can submit the require information...
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How To Save Money On Your Mortgage by Tom Levine
- Obtaining a home loan is arguably the most expensive transaction you’ll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing. Whether you...
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Internet & Mortgage Calculations - by Jakob Jelling
- You’ve been approved! The words you have always wanted to hear when you filled out the home loan application. It swirls through your mind the opportunities and memories you will cherish in your new...
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More Bang for Your Buck With Mortgages - by Elaine VonCannon
- Choosing a knowledgeable mortgage lender can make a difference in the quality of home you are able to purchase with your finances. I prefer to recommend a mortgage broker to my clients, because they usually offer 50 or more programs. Regular mortgage companies are usually locked into one source...
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Mortgage Prepayment Penalties - Just Say No - by Jakob Jelling
- One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about six months interest on 80% of the mortgage balance. Sub-prime market loans will typically carry prepayment penalties more than standard mortgage loans...
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Online Mortgages in 5 Easy Steps! - by Tom Levine
- We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance...
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Save Big On Your Mortgage - by News Canada
- Did you know that when you take out a fixed-rate mortgage, you're paying a big "safety premium"? That's because banks usually set their fixed rates at considerably higher levels than their...
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The Secondary Mortgage Market In Totality - by Maryann
- The borrowers mainly are concerned with only getting their loans approved. They don’t really think as to what happens to these loans or how the lenders can afford to lend you so much of money. Here we attempt a detailed study of these factors with reference to the secondary mortgage market...
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The Zero Down 80 20 Mortgage - by Matthew Allen
- This is an excellent loan for those that are lacking the down payment required for other types of mortgages. The 80 20 mortgage is simply two loans for 100% of the purchase price. It is a first mortgage at 80% of the purchase price with a 20% second mortgage...
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Tips on Getting Your Mortgage Loan Approved - by Chris Rocks
- Not every applicant is approved for a home loan the first time he or she applies. For a variety of reasons, even after a lot of hard work, sometimes a loan just can’t be approved. It may have to do with the applicant’s credit or savings history, employment stability, debt structure, or the value of the home...
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What You May Not Know About Your Mortgage Note - by Frederick Webb
- By now, many of you are already somewhat familiar with private mortgage notes and how they are used to help facilitate the sale of a property. You may also know that there is a whole industry out there where note investors are in the market to buy your mortgage note...
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Where Can I Get a Home Loan? Here Are The Top 5 Mortgage Lending - by Syd Johnson
- There are hundreds of sources for home loans online and right in your neighborhood. Banks, Credit Unions, Mortgage Bankers, Government Agencies and Private Sellers all offer different sources of financing for anyone shopping for a mortgage...
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