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Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance.  I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more...

appraisal related definitions

Appraisal
Appraisal An estimate of the value of property, made by a qualified professional called an "appraiser". Before a lender will lend you the money for a home, they will first require an appraisal to be done by a qualified licensed appraiser ... more...

Certificate Of Reasonable Value
Certificate Of Reasonable Value An appraisal issued by the Veterans Administration showing the property's current market value. ... more...

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Get Free appraisal 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...

Refinancing Costs - What to Expect
Refinancing your current mortgage is a wise financial decision if you can recoup the costs of a refi. An average refinancing deal, you can expect to pay between two and six percent of the loan amount if fees and points. On average if you can lower your interest rate by two points, then you will ... more...

Mortgage Loan Application Denied?
Having your mortgage application denied can be a humiliating experience. The first step to having your application approved is not to take the denial personally and correct whatever problems you have. Here is all you need to get started.Understanding why your mortgage application was denied is ... more...

Termite and Moisture Damage Not Reported
I have done so many appraisals where I saw obvious damage that was not reported by the other inspectors. The first couple of times I thought it was just carelessness. I came to realize it was the same agents who had found what I call pocket contractors or repeat business. Most buyers are not aware ... more...

Save Thousands on Any New Car by Using the Internet
Failure to do your homework will prove costly when you purchase your next new vehicle. The internet makes all of the essential information accessible for free, so fire up your computer and get ready to save money.If you are unlucky enough to be trading in your old vehicle, brace yourself because ... more...

Home Buyer's Hidden Costs
Home buyer's who purchase a home without a real estate agent (or sometimes purchase through an inexperienced agent) can find out too late they don't have enough money to close and move.Top 10 Costs Home Buyers Miss:1.) Property Taxes and AssessmentsHome buyers often need to set up an escrow account ... more...

Loans For Unemployed - Employing Home For A Solution To Unemployment
If the statistics for the quarter ended April 2005 are to be believed, about 1,96,000 people were added to the list of people unemployed that brought the total to 28.58 million. Doesnt that make up a sizable figure? It certainly does. Unemployment among the residents of the UK is increasing, though ... more...

Home Mortgage Refinancing Lenders - What are Your Options for Finding a Lender?
If you have ever considered refinancing your home mortgage, now is the time. You likely realize that mortgage interest rates have reached a record low. Hence, taking action to obtain a lower rate or convert to a fixed rate is wise. After deciding to refinance a mortgage, your next big ... more...

Buy A Home After A Disaster With Government Help
Buying a home after a disaster seems like an overwhelming task, but the government provides some help through a FHA program, 203(h). By providing mortgage insurance to disaster victims, borrowers can finance the purchase of a home or rebuilding costs.203(h) DetailsAfter an area has been declared a ... more...

How To Get The Best Home Equity Loan
Are you wondering how to get the best Home Equity loan? Do not be afraid to shop around. If you decide that the timing's right for a home equity loan, ask your friends or family for recommendations of lenders. Comparing home equity loan plans will help you get a better deal.Contact several lenders, ... more...

Best Home Mortgage Refinance Loan - Comparing Refinance Costs
Everyone knows that comparing lenders can help you find the best refinancing deal, but those numbers can be confusing. When you are comparing lenders, investigate rates, fees, and points. Remember too that just because a mortgage company has the lowest rates, doesnt mean they have the best deal for ... more...

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