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Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for.      1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more...

Interest-Only Mortgage Tutorial
Here is what you will learn in this tutorial: 1. What is an interest-only mortgage? 2. For what types of borrowers is it suitable? 3. What are the hazards you should watch out for? 4. What information do you need to assess an IO mortgage? 5. How ... more...

mortgage down payment interest companies loans lines bankruptcy related definitions

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...

Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more...

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Learn The 15 Debt Elimination Steps You Must Take Immediately!
What Everybody Needs To Know...Learn The Truth About Debt Elimination!Here`s how we have been taught to charge, charge, charge and promised Easy monthly payments by advertisers who seduce us into debt. So its no accident that the credit, finance and loan companies end up with most of our money, ... more...

What To Pay When You Can't Pay Everything
With ever increasing consumer debt more of us are finding ourselves robbing Peter to pay Paul each month.We go through our bills and find that the money just won't stretch far enough to cover all of the bills and expenses. It's hard to decide who you should pay when you have one bill that is ... more...

Self Employed Loans - When Being Self Employed Is The Impediment
Being self employed has always been associated with challenges. Is finding a loan for self employed one of them? Is it? Well with loans for self employed suffer more from lack of information rather than lack of choices. Self employed people often complain of lack of information available when it ... more...

Rehab Foreclosed Houses the Right Way and Keep All the Profits!
I've been teaching people how to buy foreclosure properties for a long time.And we all make the biggest profits on the deals that we rehab the right way.But this does NOT mean what you might think!The right way to rehab any property is by using a new business credit card or business line of credit ... more...

Debt Relief -- Why Most Programs Have A 75% Failure Rate
Debt consolidation, equity loans, credit counseling, debt management plans, even Chapter 13 bankruptcy it doesn't matter which of these debt programs you're talking about. They all suffer from one fatal flaw, the number one problem that causes most people to fail at eliminating their debts through ... more...

What is a Homeowner Loan
If you are a homeowner, it couldn't be easier to apply for a Homeowner or Secured loan.Secured loans - i.e. where your home is used as security against the loan - are suitable for when you are trying to raise a large amount; are having difficulty getting an unsecured loan; or, have a poor credit ... more...

What Is A Personal Loan?
Personal loans can be divided into two categories: secured personal loans and unsecured personal loans. Homeowners can apply for a Secured personal loan (using their property as security), whereas tenants only have the option of an unsecured personal loan. Below is a more detailed outline of both ... more...

Refinance Rental Property - Don't Sell It
You own a rental property for years, and never see the "big pay-off." Is it time to cash in on your investment, now that you've paid down the mortgage, and values are up? Maybe not.The Problem With SellingSelling means you'll have to pay a large capital gains tax. This can be avoided if you ... more...

Non-conforming Home Loans vs Conforming Loans
The simple definition of a "non-conforming home loan" is: You have a job and can make the payments. Your credit is used only to determine your interest rate and the loan amount to value of the home ratio. This ratio is referred to as your "LTV" or "Loan To Value". There are many lenders who will ... more...

Buying New Construction...How Do I Begin?
The prospect of shopping for a new construction residence can be quite daunting, but the rewards of owning a brand new home out-weight the disadvantages if you know the potential pitfalls. The following are important considerations: Overall Dollar Budget, Location, Cost Per Square Foot, Finishes, ... more...

Budgeting: A Tough Love Way to Handle Your Household Budget
Developing and living by a household budget is by far the best way to get your expenses under control which, in turn, can mean a much less stressful life.However, many families find it very difficult to stick to a budget. It does take hard work and a lot of self-discipline, at least in the ... more...

Earning Rental Income from a Gatlinburg Cabin
Gatlinburg has a small but thriving community of property owners. The 2000 census estimated that 3,300 people live year-round in Gatlinburg. Every year, there are hundreds of Gatlinburg cabins for sale and many new buildings continue to be developed.The purchase of Gatlinburg cabins has picked up ... more...

What Will You Take For A Dollar?
The other day I sat in a meeting listening to a young man extol the virtues of owning real estate. Much of what he said was true. However two things made me sit up and take notice. I couldn't help but comment. First, he said the interest on your home loan was tax deductible, so the government ... more...

Creating a Home Budget Step by Step
The other day I received an email from a guy who was looking for some help with his budget. What he really wanted was to run his family like a business.While I think its a great idea to have the mindset that your family does operate with a bottom-line (that cant or shouldnt be masked by credit ... more...

Get a Loan With a Poor Credit Rating
How do you go about obtaining a loan if you have a poor credit score? Is it even possible if you have declared bankruptcy? Well, the short answer is yes. It may be difficult however, so you should be ready to put up with a few rejections. You should also be ready to accept higher interest rates and ... more...


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