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How Do I Get a Reverse Mortgage?
July 21, 2003 ?I am running short of money and friends tell me that I should take a reverse mortgage, but the thought of a complicated transaction involving my house just terrifies me. It would help a lot if you would lay out the steps in 1, 2 3 form??  With a reverse ... more...

Are Reverse Mortgages in the Mainstream?
March 24, 2003 ?I read a lot about reverse mortgages and how they are becoming part of the financial mainstream.  Is this true, and if so, why?? Reverse mortgages are picking up some steam, but they have a long way to go. A reverse mortgage is a loan to an ... more...

information mortgage home programs fha lender loan related definitions

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...

MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more...

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Bad Credit Mortgage Financing - 3 Ways to Improve Your Chances of Getting Approved
Acquiring a home loan is a simple process for some people. These individuals likely have a good credit history, money for a down payment, and sufficient income. However, you do not need the perfect situation to obtain a mortgage. Various lenders specialize in offering loans and mortgages to ... more...

Sorting through mortgage elimination programs
Mortgage elimination programs are all the rage these days. In the event that you dont know what they are, its a really basic concept. You apply more money to the principal balance on your loan or you make payments at times other than once per month, and ultimately you lower you balance and pay ... more...

Mortgage Lead and Mortgage Leads
A mortgage lead is an exciting thing because you are filled with the thought of buying a house. Mortgage leads are listings of information dealing with how much a house will be. Although the thought of a mortgage lead can be kind of scary, the time when you are looking for a mortgage is one of the ... more...

New Home Loan - Understand The Various Types Of Mortgage Lenders
So, youve decided to buy a house, and youre ready for that all important next stepapplying for a mortgage loan. But where should you go? After all, the mortgage business is complex, and youve realized quickly that your choices for lenders are immense. Heres a quick guide to help you understand all ... more...

Home Loans and Mortgages Beware of New Mortgage Elimination Scam
The booming real estate market has allowed many Americans to become equity rich. They may not have a lot of cash on hand, but they might have equity in their homes worth several hundred thousand dollars or more. Unfortunately, this increase in home wealth has spawned an equally booming business ... more...

High Risk Mortgage Lenders - Using a Sub Prime Lender Online
Sub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures. With sub prime lenders online, you can easily compare rates to find reasonable financing ... more...

Mortgage Information for the First Time Homebuyer
Inflation in the United States is increasing rapidly and home prices are soaring! There are millions of american families that are unaware of the many mortgage programs that are available for first time homebuyers.There are many types of mortgage finance programs available to first time homebuyers. ... more...

Refinance Your FHA Home Mortgage Loan - Refinancing With The Streamline Process
You can now refinance your FHA loan with their streamlined process. With reduced paperwork, your lender can process your mortgage much quicker. There are some unique requirements to refinance your FHA loan, but you continued to be backed by the FHA through this process.Basic RequirementsIn addition ... more...

How To Choose Your Mortgage Loan
Are you excited about purchasing your first home? Or maybe this isn't the first, but you should be excited anyway! It's a big step and a big decision. Finding the right mortgage loan is key. The key to saving yourself money and probably a few headaches down the line.Here are some helpful hints ... more...

Good FICO Credit Score? Tips to Getting the Most Out of Your Home Mortgage Loan With Good Credit
Sometimes so much is talked about how to solve the problem of having bad credit, but what about when you have an excellent credit rating? Good credit is considered to be a credit score of 650 or higher. How can you get the best interest rate and loan terms to make your good credit history work ... more...

The Reverse Mortgage - What The Heck Is It Anyway?
Are you 62 or older and own your own home? Then, you probably qualify for a reverse mortgage.But, what the heck is it anyway? Well, if you still have a conventional mortgage ... or had one until you burned your loan papers ... this is simply the reverse of what you have or had.A reverse mortgage ... more...

Home Mortgage Lenders - How to Find A Good Mortgage Broker Online
Mortgage lenders have set up shop online, but they arent all reputable mortgage brokers. To find a good mortgage lender you need to compare rates and research to find reputable companies.Mortgage Broker ServicesA mortgage broker works with several lenders to find the best financing for the purchase ... more...

Online Mortgage Quote - Tips on Getting a Mortgage Quote Online
Getting your mortgage loan on the internet has many advantages and benefits, although, it is not a good choice for all homebuyers. Online mortgage loans are both quick and convenient. The application process can be completed in the privacy of your home, at your leisure.Applying for a mortgage ... more...


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