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Avoiding Markups on Third Party Settlement Services
December 17, 2001 ?The Federal appellate court in the 7th circuit recently ruled that it is legal for lenders to make a profit on third party services sold to borrowers, such as appraisals and credit reports. In contrast, HUD has always said that markups were illegal if there were no ... more...

Protecting Against Mortgage Broker Tricks
July 15, 2000, revised October 5, 2002 "I know you have written about tricks that mortgage brokers pull, but I'm sure I don't have them all?Could you list them and explain how I can deal ... more...

power loan purchase real estate agent lenders mortgage debt related definitions

RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... 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 power loan purchase real estate agent lenders mortgage debt

How Much Home Can You Afford In Today's Market?
If you haven't figured your credit worthiness and borrowing power lately, you might be surprised at how much home you can afford to buy in today's market! Mortgage Lenders are very optimistic about the future of the real estate market and as a result they are willing to loan more on properties than ... more...

Mortgage Marketing: 3 Power Tools that Secure Leads from Realtors
Some real estate agents will never be loyal to one loan officer, instead they give their potential homebuyers three business cards of lenders for them to select from. What do you do if youre not getting a ringing endorsement from the agent? How can you beat the competition, so you get every lead ... more...

Poor Credit Home Mortgage Loans
Poor credit doesnt have to put you at a disadvantage in the home buying process. By getting a pre-approved mortgage, you can find low rates and increase your negotiating power when you buy a home.Before You Shop For A HomeBefore you begin home shopping, take a look at your budget. Develop a plan ... more...

Debt Consolidation Mortgage: Home Solutions for Integrating Arrears
Credit card debts, auto loans debts, secured loans debts, unsecured loans debts debts of all sorts and types registered against your name. It is hardly a very promising situation. Debt is an obligation from which you cant turn away. It is obviously not something you aspired for. But it is surely ... more...

Mortgage Marketing - The Power of Positioning
How do you build a mortgage marketing strategy that can have real estate agents hunting for your services? Agents are bombarded everyday with a continuous stream of marketing messages from loan officers. They cope with this information-overload by ignoring most of them. So how do you stand out in ... more...

Mortgage Tips For The Frantic
It is a curious fact of human nature that people will haggle over the price of an umbrella, but buy a house on impulse.We understand small amounts of money; we know what they can buy. 200,000 is harder to grasp; you can't fit it in your pocket. The desire to acquire, combined with the stress of the ... more...

Thought You Can Go All Alone In Mortgages! Mortgage Advice Beneficial In All Important Decisions
Mortgages are easy as long as you understand them well. But how many borrowers can be confident of their knowledge of mortgages.With the list of terms and terminologies related to mortgages growing fastly, it is difficult to keep pace with it. However, the legal maxim goes as follows ignorantia ... more...

How to Use Your Mortgage to Dramatically Increase Your Retirement Savings
Did you know that your mortgage can be used to dramatically increase your retirement savings? There are many ways to use your mortgage as a financial tool, but one of these ways that is most overlooked is that of using your mortgage to help you increase your efforts of preparing for retirement. ... more...

Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies
For many seniors in or entering retirement, the prospect of purchasing long-term care, investments or annuities can be cut short by a lack of retirement income. Statistics show that 3 out 4 seniors will have to lower their current standard of living during retirement. Social Security, IRA's, 401k's ... more...

Know Your Mortgage Options
While trying to find the lowest rates, many homeowners fail to examine the type of mortgage, and which type of mortgage is best suited to their needs. Whether you are buying a new home or refinancing, it is important to understand the different mortgage types, and evaluate which one best meets ... more...


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