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Combine Two Properties In One Mortgage?
June 18, 2001 "My condo has appreciated greatly in value, and I am about to buy a house which will be my permanent residence. I will rent the condo. Is it possible to use my equity in the condo as the down payment on my house by combining the 2 properties into one ... more... The Worst Mistake of Mortgage Borrowers February 19, 2001 ?What?s the worst mistake mortgage borrowers make?? The worst mistake by far is making decisions based solely on the affordability of monthly payments, without considering ... more... |
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home loan down payment related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... Earnest Money Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more... |
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