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Mortgage Professor about first house mortgage loan closing: | ||||||||
The Fictitious Down Payment Scam
July 10, 2000, Revised November 17, 2004 ?I offered $289K for a house but was not able to make a down payment. The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment. ... more... 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... |
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first house mortgage loan closing related definitions |
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Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... Refinance Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... |
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More about first house mortgage loan closing
Tennessee Mortgage Loans Should You Get an Interest-only Home Mortgage? Bad Credit Mortgage Memphis Choosing a Mortgage Searching for a Mortgage in Lexington? Knoxville Mortgage Companies Think You Can't Get a Mortgage? Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Mortgage Info You Can Actually Understand! Mortgage Loan Closing Costs for Refinance Loans and Home Purchase
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