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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 Go for the 'Reversible Decision' - A Great Way to Leave Financial Regret Behind! Mortgage Sales Hit Problems Back-Planning For Success Secrets of Making Money from Real Estate - Part 4 A Personal Mortgage Experience Flipping Houses for Gold: Three Tips to Help You Find the Perfect Fixer Learn How You Can Repair Your Credit & Get Out Of Debt Faster Before Buying Your New House! 10 Things You Shouldn't Do When You're Buying a Home Pre Construction Investment Real Estate - Pros and Cons House Flipping Basics
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