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Mortgage Professor about buy new house: | |||||||||||||||||||||||
Buy First or Sell First?
October 6, 2003, Revised May 4, 2005 ?I currently own a home which I would like to sell, and then buy another. What is the best sequence of steps in this process?? The situation you want to avoid is giving up your existing home before you can move into the new one. ... more... Can You Buy a House, Then "Reverse Mortgage" It? October 4, 2004 "My wife and I are 64 years old and can qualify for a reverse mortgage on our current house, but we want to relocate first. Can we buy a new house with a "forward" mortgage, and then take out a reverse mortgage?" Yes, but you will ... more... |
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buy new house related definitions |
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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... Adjustable Rate Mortgage, ARM Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... |
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More about buy new house Military Finance Tips on Home Buying Buying a House After Bankruptcy - Things To Consider Buying Country Acreage and Rural Properties, To Buy or Not To Buy The Most Important Aspect of Flipping Houses - Curb Appeal An Investor's 1st and Most Important Lesson Build Your Own Dream House! How to Buy Your Own Home Flipping Houses for Gold: How to Find the Perfect Fixer Real Estate Stories that Show You How! A Guide to Getting a Mortgage
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