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No-Cost Mortgages
July 19, 2004 "Why wouldn?t anyone in his right mind take a no-cost mortgage if he could find one?" Because no-cost mortgages don?t eliminate costs, they convert them from costs paid upfront to costs paid over time. No-cost mortgages carry higher interest rates, ... more...

How to Shop For a Mortgage
September 24, 2003, Revised November 12, 2004 Shopping for a mortgage effectively isn?t easy. Reforms proposed by HUD, which were pending at the time this article was first drafted, and which promised to make the process much easier, were never enacted.   ... more...

mortgage closing costs downpayment loan property seller attorney related definitions

Settlement Costs, Closing Costs
Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...

Closing Costs
Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more...

More about mortgage closing costs downpayment loan property seller attorney

Zero Down Real Estate Investing
Zero down? Why would a seller want to walk away from closing with nothing? Well, they wouldn't, and that brings up the most important point about real estate investing with no downpayment: The seller almost always needs cash at closing, but it doesn't have to be YOUR cash.A Zero Down ExampleI'm ... more...

What To Expect In Closing Costs On A Home Purchase
Many are taking advantage of this years low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application. But, they should realize that theres a whole new set of ... more...

High Profit Real Estate Investing--Make a Good Deal Every Time!
Knowing what a Good Deal is Is the Key to Success in Real Estate.Dear Investor,Take this little survey: The most important key to Real Estate Success is:1. Finding Motivated Sellers2. Funding Your Deals3. Negotiating4. Knowing a Good Deal when you see one.Yes all of them are important. And if you ... more...

Real Estate Investor Question: Rehab and Sell, or Rehab and Keep?
Here's another awesome question I received from my discussion board. The question; Why bother keeping property after it's rehabbed? Why not sell it after the rehab and GET PAID!Of course, the first questions that you must answer is how emergent is your need for quick cash? You can likely ... more...

Escalation Clauses A Home Buyer's Secret Weapon
Today we discuss escalation clauses because much of the country is experiencing an extreme sellers market. By that, I mean there are more buyers than there are sellers, and that results in sellers getting more than one offer to buy their property. The seller can be picky about the terms under ... more...

Working With Your Real Estate Attorney
Purchasing or selling a home will probably be one of your largest and most important financial transactions. Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally ... more...

The Right Time to Buy A Home
There are many real estate market forecasts and predictions available - however the bottom line is that if you want to buy your first home-there is no wrong time. This is because the motivation to buy is not determined by regional market conditions or by location, but rather by your personal needs ... more...

Stop Foreclosure: Protect Your Credit and Keep Your Home
John lost his manufacturing job six months ago in a round of mass layoffs, and he's been unable to find consistent work since. He and his wife had little in savings, and with every day that passes they're getting further and further behind on their bills.Two months ago today, Mary's husband walked ... more...

Tips & Advice On Residential Construction Loans
A lot of people dream about building a new home. Everyone wants a home that will work with their lifestyle and reflect their character and be original and attractive to the eye. Getting a construction home loan can be a scary task. Residential construction loans are different from traditional home ... more...

How to Make a Purchase Offer on a Home for Sale by Owner
Many home buyers want to purchase a home directly from the seller to cut out the middle man, but when it comes time to make a formal offer it is often the case that neither buyer or seller knows what to do. Without the aid of a professional real estate agent, making an offer to buy a home that is ... more...

Be Prepared With Your Home Equity Loan Checklist
A home equity loan can be an excellent way to obtain money in order to pay off high interest bills or consolidate your current debt into one monthly payment. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Because the home is likely to be a ... more...

Reverse Mortgages - Is It A Good Idea For You?
Reverse mortgages are one of the largest growth areas in the mortgage business. These mortgages offer older people the chance to get cash based on the equity they have in their homes or condos. When the reverse type of mortgages are used, the lender pays the home owner an agreed upon rate. The ... more...

Selling by Owner Tips
Do strangers scare or intimidate you? If you're planning to try to sell your home yourself, you'll have to get used to it. You'll also be opening yourself up to potentially dangerous situations and legal liabilities. That's why even many experienced real estate agents will hire another agent to ... more...

For Sale by Owner Tips
Do strangers scare or intimidate you? If you're planning to try to sell your home yourself, you'll have to get used to it. You'll also be opening yourself up to potentially dangerous situations and legal liabilities. That's why even many experienced real estate agents will hire another agent to ... more...


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