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Mortgage Professor about different types of first home mortgages: | |||||||||||||||||||||||
Do Secondary Mortgage Markets Help Borrowers?
October 7, 1999, revised April 2, 2003 "In a recent column you said that there was no serious downside to borrowers from having their loans sold, but you didn't point to any upside to the practice, either?Don't loan sales raise costs, ... more... Will My Mortgage Loan Be Sold? September 20, 1999 "I have been told that any lender I go to will probably sell my loan. Is that true? Am I justified in feeling disturbed about this?" Yes, it is true, but no, I don?t think you should be disturbed about it. A majority of borrowers deal with ... more... |
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different types of first home mortgages 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... American Dream Downpayment Initiative American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more... |
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More about different types of first home mortgages Loans 101: Application and Approval 6 Things to Consider Before Refinancing Comprehending a Credit Report Using a Correspondent Lender for Your Mortgage Mortgages: Encouraging Stronger Personal Economic Growth Interest Only Mortgage? Consider a Graduated Payment Mortgage Home Loans: To Substantiate Financial Possibilities On Your Land Basic Home Loan Terms Explained Best Mortgage Rate - How To Take Advantage Of The Best Home Loans Lions and Loans: Why Finance Should Always be Personal
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