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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...

Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this??  Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more...

mortgage afford income stream house real estate loan home buyer 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...

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

More about mortgage afford income stream house real estate loan home buyer

To Buy A Fat Pig
What does buying a fat pig have to do with your business? Stick with me and all will be revealed.Does your business have a tactical and a strategic way to go to market? Let's go down to Mr. Hoover's butcher shop to see how it's done.Mr. Hoover has been selling bacon and other pig products for years ... more...

Your Life Just OK? It Doesn't Have To Be That Way! Live the Life You Really Want To Live!
I have some questions for you. Are you ready? How would your rate your life on a scale from one to ten; 10 being fantastic and 1 being the worst it could possibly be? Are you happy with the most important aspects of your life? And note that I didnt say are you content or are you satisfied. I ... more...

Part 1: FAQs From Media Interviews With Real Estate Author
Do you feel there is going to be a real estate bubble?Nash: No. Are some coastal and resort markets over-heated, yes. I dont feel that markets will collapse. But investors and property owners should be ready for longer market times, diminishing over-full-price and multiple offers in over-heated ... more...

Top 10 Ways to Avoid Loan Fraud
Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.1. Take your time and shop around. You should be able to compare prices and houses. If a lender or ... more...

Home Buying: Things To Keep In Mind
So youve decided you want to own a home and now you want to begin your search for one. Before jumping into a home search, there are a few things you should keep in mind when going about buying a home.First things first, you cannot buy a home if you cant afford it! Dont assume how much you can ... more...

Real Estate Season is Here
Yes, it has finally arrived. This is the time of year when the MLS or Multiple Listing Services go up like crazy in all most every city, town and village.So, what does this mean for you? Well, it might mean absolutely nothing...or, it might mean a huge profitable opportunity. How so you ask? Read ... more...

Real Estate Investing By The Numbers
Just like most things real estate investing can be broken down into easy to learn step.Step One - Learn the basics:Ownership of real estate is evidenced by a valid deed. When you buy property the seller signs a deed that transfers his ownership interest to you. Most states use a Warranty Deed. ... more...

Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured?
Gone are the days of the cinder block and wood plank bookcases. You've come along way from that old reliable jut rug and CDs (or in some cases, actual vinyl albums) stored in milk crates. That's the way it is with first apartments, and sometimes second and third apartments too. It's what you ... more...

Need To Stop Worrying?
I once worked with a woman whose zest,joy and enthusiasm lit up the room [and it was a big office!]I remarked that it was lovely that she was always such uplifting company."Oh,I wasn't always like this", she replied. "It all changed when my dad died, when I was about forty.""Was he that bad?" I ... more...

Home Equity Loan Considerations
In other words, the benefit of the loan must outlast the loan period. Taking a loan for financing that elusive vacation is a strict no-no. Moreover, home equity loans must also never be taken for day-to-day expenditures. This option should be saved for emergency needs only.When applying for a home ... more...


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