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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... What Is the Real Cost of Mortgage Insurance? October 1, 1998 "I have been advised not to borrow more than 80% of the value of my property so that I won?t have to purchase mortgage insurance. The insurance premiums I have been shown, however, only amount to about ? of 1% ... more... |
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mortgage iterest taxes condo loans insurance purchase contract related definitions |
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Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more... Private Mortgage Insurance, PMI Private Mortgage Insurance, PMI Loans with an LTV over 80% may require Private Mortgage Insurance (in some cases 75% or 70% when refinancing). If you do not have a 20 percent down payment, lenders will allow a smaller down payment. With the smaller down payment loans, however ... more... |
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More about mortgage iterest taxes condo loans insurance purchase contract
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