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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...

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...

mortgage point insurance loan officer foreclosure related definitions

MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more...

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...

More about mortgage point insurance loan officer foreclosure

Do your Budgeting with Targeted Bank Accounts
A lot of people hate budgeting, or just plain refuse to budget, thinking it unpleasant and restrictive. Actually a good financial plan, including a budget, puts you in control of your finances, rather than the other way around.The first step is the hardest: figuring out what you spend every month. ... more...

Three Questions You Must Ask Your Loan Officer
It's pretty easy to isolate the good from the bad in a lot of professions: a dentist laughing gleefully every time you flinch, a plumber demanding payment up front while your knees disappear underwater, a real estate agent who never returns your call or is constantly dragging you to inappropriate ... more...

Buying Foreclosures - Knowing Why Helps You Buy
One big potential deal-killer in buying foreclosures is the homeowner. If the homeowner does not trust you, buying their home (even at a foreclosure auction) can become a greater challenge. To prevent this setback, you need to build trust with the owner -- and building trust requires you ... more...

MLM Products - The MLM Success Formula for HOT Selling Network Marketing Products
You must understand this next statement:The successful network marketing company is Product Focused and Business Driven.What does that mean? It means that your company must always be products and services focused, but driven by the business opportunity.And your products and services must be the ... more...

Virtual Assistance Price List: Basic Guideline to Setting Rates for Your Virtual Assistant Business
I've seen Virtual Assistants' rates range from $15 to $70/hr., depending on the VA's experience, specialty, location, and the project. One of the most common concerns with a new Virtual Assistant faces is what to charge for his/her services. A common mistake made by new Virtual Assistants is ... more...

Selfish or Self-Loving
Selfish is such as nasty word, isn't it? If someone calls you a "selfish cow" - it hurts. After all, society tells us that we have to think of others first. We need to give before we can receive. We have to consider our family and friends when making a decision that will affect our lives ... more...

Home Business: Does One Need An External Solution Or An Internal Resolution?
A home business on the Internet: The lure of it entices us as we surf the net. Vivid images begin to dance in our heads; swimming pools, exotic cars, romantic vacations, and money..lots of money to spare.We envision ample quality time with our family and plenty of money to send our children to the ... more...

Important Facts For Home Buyers
If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered ... more...

Ten Things A Doctor Joining a Medical Group Must Know Before Signing Your Employment Contract
BEFORE JOINING A MEDICAL GROUP, YOU MUST LEARN THE ANSWERS TO THE FOLLOWING QUESTIONS1. Who owns the property where your office is located?2. If one or more partners own the property, do they charge your Group rent for the space it occupies? To understand this, lets say that your Group has three ... more...

Taking the Time to Find the Best Home Improvement Loans
The best home improvement loans usually aren't going to be the first loans that you encounter, but if you're in the market for a loan to pay for repairs, expansions, or improvements to your home or other real estate then it might be worth your time to shop around before you decide on one loan or ... more...

Prison Wives: The Forgotten Women In Our Society
Having a husband in prison is a stigma in our society. However it is possible to cope and get through this difficult time in your life. Let me help you along the way and give you a few tips.I myself am a "Prison Wife." My husband has been in the prison system for the past 22 months. He was ... more...


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