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Stated Income Loans: Lie to Get a Better Rate?
June 20, 2005 Stated income loans are also called ?liars loans?, because in some cases, the rules virtually invite the borrower to lie. The case below is a great illustration. ?My husband makes $7,000 a month but has a credit score of 503. I make $1250 and have a score ... more...

Disclosure Rules on Adjustable Rate Mortgages
August 5, 2002, Revised October 14, 2005 Adjustable rate mortgages (ARMs) pose the greatest challenge to a disclosure system because of their complexity, the wide array of different types, and the frequency with which they mutate. New types of ARMs appear frequently, and old types ... more...

1003 loan application form related definitions

Standard Uniform Loan Application, Form 1003
Standard Uniform Loan Application, Form 1003 A standard loan application widely used in the mortgage industry. Lenders use Fannie Mae Form 1003 to record relevant financial information about an applicant who applies for a conventional one- to four-family mortgage. Download ... more...

Loan Application
Loan Application The form used to obtain the borrower’s information and define the terms of the loan. Also is commonly referred to as the 1003 form - Uniform Residential Mortgage Loan Application. The lender may accept applications taken during a face-to-face ... more...

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Get Free 1003 loan application form Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

What Is A Personal Loan?
Personal loans can be divided into two categories: secured personal loans and unsecured personal loans. Homeowners can apply for a Secured personal loan (using their property as security), whereas tenants only have the option of an unsecured personal loan. Below is a more detailed outline of both ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Secured Business Loans Equipping Your Business Blueprint With Concrete Groundwork
Somebody once said, Business is not financial science; it's about trading, buying and selling. It's about creating a product or service so good that people will pay for it. So you are full of ideas and ready to take on the world. No matter how striking your business idea is, it still needs a solid ... more...

Online Loan - Incorporating Technology in the Loans Process
The use of computers was introduced immediately after its launch by loan providers to ease their operations. Internet technology that resulted in the emergence of the online loans was introduced later. Necessity is the mother of invention. The adage aptly holds in case of online loans. Borrowers ... more...

How to Get Cheap Home Loans with a Bad Credit
Its been years since you made any major improvements to your home and its about time. Your spouse and children are also urging you to give the house a facelift. So, what do you do? Dip into your savings? Great! But thats only if youve enough stashed away in there. Go in for a regular loan? But you ... more...

Consolidation Loans for Tenants - Empowering Tenants with a Method to Counter Debts
Tenants are persons who are residing in a rented apartment. They do not have a home of their own. Cities have a larger population of people who have been living as tenants. Debts are as much a menace for the tenants as it is for the homeowners. Tenants have been seen to fall more frequently in ... more...

Are You Being Offered Best Personal Loans?
The total lending in the UK has seen an upward trend. The figures released for September, 2005 shows that the total lending has increased by 9.0bn. Secured loans, that constitute an important part of the total lending, are not very far behind. It has seen a growth of around 7.7bn. No data is ... more...

Unsecured Loan - Helping You Get All You Desire
You have been delaying your holiday plan or plan to buy your dream car just because you dont have the funds to finance it. What will you do now? Keep on postponing your plans or look for a better option. Definitely, you will look for a better option and that could be taking an Unsecured Loan.You ... more...

Wedding Loans Because Wedding May Be Made In Heaven But They Are Certainly Not Made For Free
Wedding loans because wedding may be made in heaven but they are certainly not made for free.The one day that encompasses the glamour, the thrill, the dreams, the nervousness, the apprehension, the happiness and the most profound feelings of your life is the wedding day. Everything is special from ... more...

Debt Consolidation Loan Helps You to Manage Your Debt
Debt is a source of finance that helps you, to fulfill your desires. In the past, you must have taken debt from more than one lender to meet your funds requirement. And now it is becoming difficult for you to handle so many lenders at one time. What will you do now? There is a solution to this ... more...

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