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Mortgage Professor about buying a home in charleston: | |||||||||||||||||||||||
Does a Fast Payoff Make Sense?
September 18, 2000 "My husband and I will be buying a house at the end of this year. We believe we should be able to pay off the home in 7 years by more than doubling our payment. We have been told that we are insane if we do this because we won?t get the full ... more... Can a Mortgage Lender Profit From Foreclosure? December 7, 1998, Revised January 30, 2004 "I have lost my home! The second mortgage lender foreclosed after buying the first mortgage, which was current under a forbearance agreement. The first mortgage lender informed ... more... |
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buying a home in charleston related definitions |
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Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more... 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... |
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