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Can You Help by Buying a Relative's Loan?
March 6, 2000 "My niece recently purchased a home and I want to help her by buying the mortgage and charging her less than the 8.5% interest she pays. Its an FHA loan and I think she pays some bank. Can you tell me how to purchase the loan and become the lender ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
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national mortgage association related definitions |
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HUD
HUD The Department of Housing and Urban Development (HUD) was established by the Housing and Urban Development Act of 1965. A federal agency actively engaged in housing programs and related activities including urban renewal, model cities, block grants, public housing and ... more... Ginnie Mae, Government National Mortgage Association, GNMA Ginnie Mae, Government National Mortgage Association, GNMA GNMA or "Ginnie Mae," is an agency within the U.S. Department of Housing and Urban Development. A government-owned agency, it buys mortgages from lending institutions and pools them to form securities, which it ... more... |
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