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Interest-Only Mortgage Tutorial
Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more... What Is a Demand Clause? August 7, 2000, revised September 10, 2003 "Is a demand clause the same thing as a due on sale clause? I shopped for a loan at several lenders, and the information on requirements was very similar among them except that one lender stipulated that the note would include a ... more... |
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RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... 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... |
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More about home lender information loan loans
Beware of Online Payday Loan Sites High Risk Personal Loan and High Risk Loans Need a Personal Loan? Have Poor Credit? See if a Payday Loan Would Work For Your Needs Long Term Unsecured Loan? What is an Unsecured Loan? Where to Get Your Military Signature Loan Why Choose a Personal Loan? Why Choose a Secured Loan? Benefits of a Home Owner Loan Get a Low Rate on a Secured Online Loan
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