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Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more...

Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for.      1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more...

finance home debt to income loan insurance house seller credit related definitions

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Credit Score
Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more...

More about finance home debt to income loan insurance house seller credit

Debt Management Brings a Significant Change in Debt Scenario
Have you ever thought what would be the consequence of uncontrolled expenditure? While the desire to purchase continues to be unsatisfied, the income base gives up much earlier. The result is debts. Debts up to a certain level are admissible. Debts need to be managed to keep them within this level. ... more...

UK Loans Guide - Channelising Your Rising Budget in a Productive Mmanner
Every unknown road needs a milestone to configure where it leads. Every loan type in UK requires a guide to steer through the loans market. The vastness of loans in UK is exhaustive. Loan borrowing in UK is growing by the day. Loan process has been considerably simplified leading to opening of new ... more...

Know Your Own Worth: A Practical Insight Into Covering Up
Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your childs life. You can insure against the bad weather, good weather, political events.This week in Scotland, triathlon competitors were insured for 1 million in case they ... more...

Location, Location - NOT!
Untold Secrets of Buying and Selling Real EstateOwning a home can truly be satisfying. However, with the financial pressures of today's world, getting good value is crucial. These days I am much savvier about buying and selling homes than I was when we bought our first of eight houses. The ... more...

Home Equity Loans: Abusive Lending and How to Avoid It
Home Equity loans were initially designed to allow individuals who had not yet paid off the full amount of their home, the ability to borrow against what portion of the home they had paid for. So for example, a couple who had been making monthly payments for many years on their 30 year lease, ... more...

Money Does Talk!
When buying something, you can buy in one of two markets. The first is buying on terms in the retail market and the second is buying in the wholesale cash market. This can be illustrated by referring to the biggest purchase we all make in our lifetime - Real Estate.In recent years, when you are ... more...

14 Common Credit Mistakes
Establishing credit and wisely managing your credit becomes easier when you know how. You'll feel empowered by taking knowledgeable steps towards good credit, and you'll be on your way to purchasing real estate and greater financial freedom.If you plan to finance real estate, either as a home buyer ... more...

Remortgages Guide
Outlined below is a useful remortgages guide. Remortgaging has become increasingly popular due to the relatively simple and flexible process.A remortgage is exactly as the name suggests, taking out a new mortgage and repaying your existing one in order to realise equity and sometimes to reduce ... more...

Making Cars Accessible Through Secured Car Loans
Enervated by the hectic schedule at the work place, traveling back to home in a public transport carrier seems to be a grueling task. This reasons out the transformation of cars from luxuries to necessity.While there are cars designed for people at the high end, there is no shortage of cars for the ... more...

Make Your Fortune in a Paper Business
The problem with some business ideas is their cost. To manufacture and market a product you have invented could cost you millions of dollars. The investment in machinery, buildings, inventory and other expenditures could bankrupt you before your first sale ever occurred.For this reason, many ... more...

How to Sell Your Home by Owner And Double Your Profit When You Sell
When you want to sell your home, you are probably looking for someone who can qualify for a bank mortgage to buy your home, right?Assuming you are successful in finding such a buyer, the costs of the sale will probably wipe out your equity, or profit on the sale.The National Association of Realtors ... more...

Spanish Mortgages = Check Your Property Paperwork!
On a daily basis we receive mortgage enquiries from folk who are looking to purchase property as well as those looking to release some of the equity locked up in their homes. Nothing unusual about that I hear you say!But what is unusual, at least by British standards, is the quality of ownership or ... more...

Stop Debating it -- LeBron James is the Best Basketball Player on the Planet!
Sports fans love to debate. This is part of the excitement of sports, arguing about what players are best at their respective game or position. One that has become surprisingly popular pits second-year star LeBron James against various other greats, such as Kobe Bryant, Tracy McGrady, and others. ... more...


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