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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

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...

mortgage lender loan rate insurance lenders home 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...

discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more...

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Bad Credit Second Mortgage - How to Get Approved
Getting approved for a loan with bad credit is tricky, but not impossible. For the most part, lenders evaluate a person's credit history to determine whether they are a likely candidate for a loan. Low credit scores are indicative of several factors. A person either missed a few payments, or made ... more...

Mortgage Calculator How to Calculate Your Monthly Mortgage Payment
Just starting to shop for a new home? Do you want to know how to figure what your monthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculators on the web you can use free of charge (click here for an example of one). All you need to know is the ... more...

Mortgage Costs and Fees Defined
If you are getting ready to buy a new home or to refinance your present home, you can benefit considerably by educating yourself on the basic costs and terms connected with mortgage loans and payments. Knowing in advance about current interest rates, discount points, loan fees, principal, interest, ... more...

Tips for Finding the Best Agri Mortgage and the Best Agri Loan
The Research Rates of Agri MortgageFirst thing, when finding an agri mortgage is to check the interest rates and the rate movements, too. The agri mortgage rates can't be too constant, they are rising and falling along the Wall Street security; that reflects the direction of rates. It is very ... more...

Homeowners insurance: The mortgage connection
A home owners insurance is the cover for the house against natural calamities as well as liability. This covers the house and its contents but also other personal possessions which the house secures. The natural calamities include fires and winds. It covers thefts and vandalism as well. It is also ... more...

Is Your Subprime Mortgage Lender a Predatory Lender
Subprime lenders offer financing for people with low credit scores who dont qualify for a conventional loan. Subprime financing can be offered through traditional mortgage lenders like banks, credit unions, or mortgage lenders. There are also specialized lenders who only deal with subprime ... more...

Home Mortgage Loan Refinancing - Ready to Refi?
All right. Youve run the numbers a million times and determined that it is definitely the time to refinance, whether it is to simply lower your payments, reduce your terms or consolidate some credit card debt. Whats the next step? Sit back, relax and wait to close? NO!Make your life easier while ... more...

About Refinancing Your Home Mortgage Loan
Because of low mortgage rates, many homebuyers choose to refinance their current home loan. Refinancing at a lower interest rate means homeowners will pay reduced monthly payments. The ultimate goal of refinancing a home loan is to save money. Although refinancing may appear to be a smart move, ... more...

Locating a Bad Credit Mortgage
If you are looking to purchase a home or refinance the one you are currently living in, but believe this may not be a possibility for you because you have bad credit, think again.Just because you have bad credit does not mean you will not be able to receive a mortgage. In fact there are many ... more...

Home Equity Loan With a Reverse Mortgage, Your Home Pays You!
The home equity loan has become quite popular in the last five years, and Americans have tapped into the equity of their homes in record numbers. The reasons vary, although home improvement and debt consolidation are the most common reasons for borrowing against a homes equity.In the last fifteen ... more...

Refinance Your 1st Mortgage
Refinancing your first mortgage has several benefits. Of course, each situation is different. Thus, some homeowners may not benefit from a refinance. The process of refinancing is similar to obtaining the original mortgage. Homeowners receive quotes from various lenders, compare services, and ... more...

Tips On New York Mortgage Refinance Loan
Many homeowners want to know if it worth taking a New York mortgage refinance. How do you know if New York mortgage refinancing makes sense in your case? Read on to understand when you should refinance and how to go about doing it.When you take up a New York mortgage refinance loan, you pay off the ... more...

Bad Credit Mortgage Loans Online - How Your FICO Credit Score Can Affect Your Loan Approval
When applying for a mortgage loan when you have a bad credit history. There are a few things you should know about your FICO score that will help you know what to expect from mortgage lenders.With a credit score below 585, you will need to put at least 10-20% as a down payment on the property. ... more...


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