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Mortgage Professor about arkansas first time home buyers: | |||||||||||||||||||||||
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... 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... |
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arkansas first time home buyers related definitions |
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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 Home, Vacation Home Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more... |
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More about arkansas first time home buyers Pricing Your Home for Sale Real Estate Stories that Show You How! Exotic Mortgage Purchase Your First Home with Confidence Sell Your Home Without a Realtor and Save Thousand$$$ Fear Plays Role in First Time Home Purchase Mortgage Sales Hit Problems Tips For First Home Buyers On Getting Home Loans Bad Credit First Time Home Buyers Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
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