Mortgage articles
Showing page 18 of 23 - There are 669 Mortgage articles
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- 2007-11-13 22:16:19 - First time buyer mortgages ? transforming homeless into property owners
- Having just settled in life, you are finding the rentals putting too much of a burden on your finances. Nevertheless, you continue the payments thinking that purchasing a home would be practically impossible. There are many expenses that one has to necessarily make in order to just make a bare subsistence. Though the list differs with each individual as each has a subjective concept of the necessi...
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- 2007-11-13 22:16:19 - Option arm ? the world?s most dangerous mortgage
- Home prices have reached record levels, and in many parts of the country, homes have become nearly unaffordable. Real estate has replaced the tech stocks of the late 1990's as the hot investment, and everyone has sold their stocks and jumped into investment property. Real estate prices have increased at a far greater rate than salaries, and the lending industry has attempted to solve this problem ...
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- 2007-11-13 22:16:19 - Biweekly mortgage
- The biweekly mortgage has been around for years but with the recent media attention to the real estate industry in general and the mortgage industry in particular, the biweekly has been getting thousands of home owners to use this simple, yet powerful, way to speed up the principal payment process. Why is this so popular? How does it work? How can I do this?Here is why this is so popular to...
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- 2007-11-13 22:16:19 - Things that you need to know before financing your home
- Frequent Asking Questions:What are Points? A. There are several types of mortgage related costs called "points" and their definitions and purposes vary. Generally, points are costs that must be paid to a lender in order to receive mortgage financing under specified terms. One point means 1% of the loan amount. 1% Disount point means, it will cost you 1% of the loan amount to buy the rate do...
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- 2007-11-13 22:16:19 - Reverse mortgages ? a tax free income for senior citizens
- I fully realize if it sounds too good to be true, it probably is and There Ain't No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.A reverse mortgage is exactly what the name implies. Rather than you paying a monthly sum of money to a ...
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- 2007-11-13 22:16:19 - Home equity loan tax deductions
- Interest - is an amount you pay for the use of borrowed money.Several lenders are currenty offering amazing deals for 125% home equity loans. As highly advertized as these loans are they don't highly advertize that the interest payments on these loans are not neccessarily fully tax deductable.To understand why these interest payments don't qualify as tax deductable lets...
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- 2007-11-13 22:16:19 - Look for a great mortgage online
- People who are looking for a mortgage today have many more options than those who were searching for a mortgage a few years ago, thanks to the Internet. Consider how technology has changed the way we do many things, including shopping for products and services - including loans and mortgages. This change is largely due to the sheer number of people who log onto the Internet every day and businesse...
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- 2007-11-13 22:16:19 - Home loans ? repair credit errors in three days!
- Most consumers are aware that a history of paying bills late or not at all can hurt one's ability to obtain a loan. All financial transactions are recorded by three credit bureaus and offered to lenders upon request in the form of a credit report. That report contains the all-important credit score, which determines whether or not the borrower is a good risk for a loan. If you have a poor payment ...
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- 2007-11-13 22:16:19 - Mortgage advice
- In the US today more households have mortgages than ever before. In fact the chance of you having or knowing someone who is paying off their mortgage is greater than 50%. You would think that because they are so common most people would have a good idea on how they work. Surprisingly that is not the case, in fact the majority of people who are currently paying off their mortgages know little more ...
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- 2007-11-13 22:16:19 - 7 credit improving steps you must take before applying for a mortgage
- If you think you have good credit, think again. Chances are there is something on your credit report that can effect your credit rating; this type of news is particularly alarming if you are shopping for a loan or applying for credit. You can save yourself headaches as well as thousands of dollars by implementing the following seven credit improving steps.1. Do not charge your cards to t...
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- 2007-11-13 22:16:19 - Home mortgages: does a no-closing-cost loan make sense for you?
- I have heard a number of radio ads and have seen many newspaper ads offering "no closing cost" home mortgages. These ads will tell you that you can get a new mortgage or refinance your existing mortgage at absolutely with absolutely no closing costs.. There are no points, no charges for an appraisal, no charge for title insurance, no costs, period.On the face of it, this sounds li...
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- 2007-11-13 22:16:19 - When not to agree to a home equity loan
- Before you borrow money on your home's equity, think twice so you don't end up paying more than you expected.According to the Federal Trade Commission, homeowners-particularly elderly, minority and those with low incomes or poor credit should be careful when borrowing money based on their home equity. Certain abusive or exploitative lenders target these borrowers, who unwittingly may be put...
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- 2007-11-13 22:16:19 - Refinancing your mortgage can really save you money
- Refinancing a mortgage is simply taking out a new mortgage. It means paying off one or more old debts by getting a new loan. Sometimes, refinancing your mortgage can really save you money. You may be able to pay less interest, lower your monthly payment, or convert from a 30-year loan to a 15-year loan and build your equity faster. But be sure that refinancing is right for you.1. Refinancin...
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- 2007-11-13 22:16:19 - First time home buyer loans made easy
- When it comes to firsttime home buyer loans, a little research can save you thousands of dollars over the life of your mortgage.A wise consumer selects a mortgage lender prior to shopping for a home. You see, firsttime home buyer loans can end up costing you a lot more than you bargained for if you shop for your home first.What often happens is you fall in love with a beautiful home ...
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- 2007-11-13 22:16:19 - Home equity loans
- Home equity loans are a popular way for homeowners to borrow money using the equity in their home as collateral. With this type of loan you can use the equity in your home to finance a multitude of things, from home improvements to large purchases and more. If you're considering a home equity loan you should gather information from several lenders to find the loan program that is the best fit for ...
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- 2007-11-13 22:16:19 - Home equity lines of credit - the basics
- A Home equity line of credit is a loan which is similar to a credit card. These often have a very low interest rate (In most cases even lower than home equity loans). A Home equity lines of credit acts as a form of revolving which your home equity services.For example,-You take out a Home Equity Line of credit for $10,000-You purchase a car for $8,000 with your revolving line ...
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- 2007-11-13 22:16:19 - Find the best mortgage company
- If you do not wish to commit to living in one place for at least a few years, then owning a house is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner. But if you think you are ready, you probably need to find a mortgage loan. Finding a mortgage companies or lenders can be an arduous task. This is a s...
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- 2007-11-13 22:16:19 - Bad credit home loans
- There was a time that seems like decades ago when people with less than pristine credit were not able to get home loans. At that time people with bad credit were all but assured that their dreams of homeownership would never come to fruition. Luckily, for many people, those days are long gone.Homeownership is possible for people with bad credit and no credit history at all thanks in large p...
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- 2007-11-13 22:16:19 - How to get your home mortgage loan
- If you are thinking of purchasing a new home soon you will need to know how to qualify for a new home mortgage. If you have a good credit history you will find it much easier to get approved for your home loan. If you do not have a good credit report you will have to take some time to build up your credit so that you will be able to get approved for a home mortgage loan in the future.Good c...
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- 2007-11-13 22:16:19 - Uk house price increases take a summer holiday
- Property website Rightmove has released its latest house price index announcing a "Summer sale" for house buyers. The report shows that on average, house prices fell by 1% over the four weeks leading up to 9th July, indicating that the "affordability gap" between house prices and buyers ability to purchase, is at last starting to close. The price fall has been heralded as a gre...
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- 2007-11-13 22:16:19 - Do you really need a home equity loan?
- Your equity is the amount your home is worth, on the market, minus the amount you owe to your mortgage broker. For example, if your property is worth $200,000 and the balance you owe your mortgage broker is $100,000, then your home equity - the part of your property that you own free and clear - is $100,000.A home equity loan is a loan that uses the equity in your home as collateral. That m...
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- 2007-11-13 22:16:19 - Home loans ? would you buy a home without an inspection?
- The housing market has exploded, with home prices rising beyond all reason in some markets. Home prices have doubled or tripled during the last five years, and in some cities, the asking prices for homes are considered only to be suggested opening bids. Homes often sell in a few days or even hours, and would-be buyers are tiring of losing out to higher bidders. In order to achieve an advantage ove...
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- 2007-11-13 22:16:19 - Home equity ? let the market eliminate your private mortgage insurance
- In decades past, most people who were interested in obtaining a home loan were required to put down at least 20% of the purchase price. Those days are gone, and as home prices have risen faster than incomes, the average down payment required by lenders has dropped. In fact, it is often possible to buy a home with no down payment at all. Nationally, the average down payment is a 3%. It's nice to be...
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- 2007-11-13 22:16:19 - Mortgage refinancing - does size matter after all?
- Hopefully your ego has never had to experience the words, "It's okay honey. Size doesn't matter." After all, what's important is the quality right? In a perfect world, perhaps this is true, but in the realm of mortgage refinancing, what is best is usually based on length. Let me explain.The majority of mortgages are given at terms of either 15 or 30 years. This simply means that i...
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- 2007-11-13 22:16:19 - Mortgage refinancing companies -- choosing the right one
- Searching for a mortgage refinance company can be a daunting task. In a moderately sized city, there could be at least several major refinancing companies and several smaller local refinancing institutions. In a larger city, you can easily have hundreds of refinancing companies. If you add in the access to mortgage companies via the Internet, the options are truly limitless. With so many options, ...
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- 2007-11-13 22:16:19 - How to compare fixed rate mortgages and adjustable rate mortgages
- There are many types of mortgages, and the more you know about them before you start, the better. To compare one Adjustable Rate Mortgage with another or with a fixed-rate mortgage, you need to know about indexes, margins, discounts, caps, negative amortization, and convertibility. You need to consider the maximum amount your monthly payment could increase. Most important, you need to compare what...
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- 2007-11-13 22:16:19 - Home equity line of credit ? great for remodeling projects
- Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make the payments on it, and live more or less happily ever after. Others are not so fortunate. Some buyers who live in a pricey market may have to settle for less house than they need, hoping to find a solution to their lack of space later. A third group of buyers may find that their ho...
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- 2007-11-13 22:16:19 - Homebuyers loan guide
- If you are a homebuyer, there are a few points on a homebuyer's loan that you should keep in mind. These pointers simply ensure that you don't burden yourself with a loan or repayment and that you can get a justified return on your investment.The pointers to a loan for homebuyers are:1) Work out your affordability and the repayment that would build up against your loan ? Apart from t...
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- 2007-11-13 22:16:19 - Mortgages - which loan is right for you
- When buying a home, you need to take a home mortgage loan, either because as a debtor, you end up paying less tax, or because in a market where property prices rise faster than salary levels, the money you have saved falls short of the amount required. When searching for a home mortgage loan, you can select from a wide variety. Study the types of mortgage loans available in the market and note the...
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- 2007-11-13 22:16:19 - Secured loans for home improvement ? when you can?t buy a luxury home
- A house is just perfect with chipped walls and broken taps. Is it? If you don't think so, then home improvement loans is what you should be looking for. Home improvement is the resort for you, if your home is your personal hideout. Home improvement loans can aid you realize this plan. Home improvement usually takes a back seat due to lack of finances. If finances are an impediment, get secured hom...