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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...

Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this??  Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more...

mortgage point only home loan property closing notes 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...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

More about mortgage point only home loan property closing notes

Mortgage Marketing: What To Expect From Your New Website
The day has come for your new website to go 'Live'. After tweaking this and changing that you are finally ready for the herds of potential clients to bombard your website with promising loan applications. While you sit by your email program for a few hours waiting for that first application to come ... more...

Making Sense of Mortgage Speak
Applying for a home loan can be overwhelming. You will need to contend with mountains of papers, contracts, documents; and do lots of planning and coordination. Add to that a whole language unique to the mortgage loan process and you have the makings of an experience unlike any other.Agreeing to ... more...

Is the Time Right for You to Re-mortgage?
At certain times and in certain circumstances it actually makes more sense for someone to re-mortgage than to stay with their current lender and ride the waves of ever changing interest rates.This article looks at five specific reasons to re-mortgage but first things first I must just point out ... more...

Guide To Refinancing Your Mortgage
Refinancing your mortgage can mean great savings for you and your family. Replacing your existing mortgage with a lower interest loan, changing the term of your loan, or even consolidating all your debts into this new loan could save you money, both monthly and over the life of the loan.The rule of ... more...

Home Loans -- The Hot New Product? The 30-year, Fixed-rate Mortgage
In recent years, the mortgage industry has introduced dozens of new types of loans. The needs of every borrower are different, so the mortgage companies have tried to come up with an answer for every problem. Theyve introduced 40-year mortgages, promoted 15-year mortgages, and introduced the ... more...

Mortgage Advice
In the US today more households have mortgages than ever before. In fact the chance of you having or knowing someone who is paying off their mortgage is greater than 50%. You would think that because they are so common most people would have a good idea on how they work. Surprisingly that is not ... more...

What a Commercial Mortgage Broker Must Do at Closing
Your role in this process is that of a bridegroom at a wedding: stay out of the way, be on time, and keep your mouth shut. Tom C. Korologos, U.S. Ambassador to Belgium, describing the advice he gives to presidential nominees. Quoted in the New York Times, September 4, 2005.A commercial mortgage ... more...

Mortgage Marketing - How to Write a Mortgage Marketing Sales Letter That Gets Results!
Have you ever sat down to write a sales letter and been at a complete loss where to start? It happens to all of us.Sales letters are hard to write. And writing a good one takes a lot of time, research and effort. Buta good letter will make you money.The best place to start is with research ... more...

Get the Best Rate on Your Home Mortgage Loan
Home mortgage interest rates hit record lows in 2004 and have remained at record lows as we go through 2005. It is possible today to get a thirty-year fixed rate home mortgage loan for under five percent, and an adjustable rate mortgage can be found for under four percent if you look hard enough ... more...

Getting the Best Mortgage Loan With a Bad Credit
For most people, applying for a mortgage loan to buy a house is one of the biggest and the toughest lifetime financial exercise. It gets even more difficult for those who have had a bad credit history. Even though people with bad credit are at a disadvantage, lenders do recognize their financial ... more...

Mortgage Information - Refinancing? Second Mortgage? Home Equity Loan? Understand The Basics
A mortgage is usually the biggest purchase that an individual makes, and because of that, many people tend to get nervous during the process. But wouldnt it make things easier if you felt that you had a handle on the processor at least the terminology? After all, in order to get the best deal on ... more...

Home Mortgage Quote Problems? The Likely Culprit is Your Credit
Your credit has everything to do with home mortgage rates as lenders charge more points and higher interest charges to consumers with bad credit. Poor credit always implies greater risk, so lenders are entitled to be compensated for the risk they are taking.If you are a borrower who enjoys good ... more...


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