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How to Deal With a UMB
January 28, 2004 Here are some guidelines for dealing with a UMB. Your Shopping Focus: When you deal with a UMB, your major focus should shift from shopping the price of the mortgage to shopping for a broker ... more...

HUD and Yield Spread Premiums
October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers.  To this date, HUD has been impotent in dealing ... more...

income real estate information interest rate lender home related definitions

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

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...

More about income real estate information interest rate lender home

Real Estate Agents What Type of Content Should You Include in Your Newsletter?
One of the biggest concerns for Realtors who publish their own email newsletter is determining the type of content that will gain interest from their readership. After all, real estate agents who engage in this endeavor want prospective buyers and sellers to open their newsletter and thus be ... more...

Applying for a Home Loan
Applying for a home loan may not be the most exciting way to spend your time, but if you are like many potential homeowners, it is probably a necessary evil. If you have some knowledge of the process ahead of time, however, it will go much more smoothly.Home loan applications tend to be very long, ... more...

Are Interest Rates Up, Up and Away?
Interest rates have been at their lowest levels in over 40 years. U.S. consumers have been able to purchase previously unaffordable homes, cars and other toys. Many have used cheap home equity loans to remodel, take vacations and pay off credit cards. Students have taken advantage of the ... more...

Plan Your Budget Before Investing on a Property
Owing a property gives a person financial security but before buying any type of property be it home, land, or some commercial property its very important to estimate your budget.Pre-qualification is a very essential step in going for a property deal. There are various ways of pre-qualifying but ... more...

Housing Froth Creating Imbalance for Consumers and Investors
Home buyers and sellers should think twice before jumping into over-heated real estate markets. Fed chief Alan Greenspan feels the housing boom is economically imbalanced or uneven. New liquidity in real estate assets could disappear if interest rates raise on feelings from investors that risk ... more...

Is There Any Way To Get Out Of Debt?
In this era where we are bombarded daily with commercials on television, radio, billboards, through email, not to forget the flyers slipped under the car's wiper blades while shopping at the mall, it's no surprise that so many of us find ourselves endlessly in debt to the services and products ... more...

Sales Jobs - Get a Job in Sales
If you are looking for a career area with broad employment options, look to sales jobs. Companies are always looking for talented marketers and sales people to increase the bottom line. Without good sales people, companies go out of business - it's that simple.Ok, so we know the demand is there, ... more...

Should You Use a Property Management Company or Manage Your Real Estate Investment in Florida?
When considering investment properties, first of all, it must be determined that it is profitable and a good idea to purchase rental properties. Lets talk about this aspect. Owning rental property produces rental income which, if after expenses are deducted produces a profit, would be viewed as ... more...

Investing: Commercial Property
Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate. For most of us our investment in real estate is limited to where we live - our home.But unfortunately our home doesn't generate any ... more...

Special Credit Information for Married Couples
If you are married, establish separate credit accounts.Try to finance real estate in just one partners name to increase your investment financing potential.Avoid joint credit, which limits financing possibilities for both individuals rather than one at a time. Accounts in one partners name only ... more...


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