What is downpayment assistance - Debt Management Services vs. Debt Consolidation Loans



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Mortgage Professor about downpayment assistance:

Are House Seller Contributions Kosher?
July 10, 2000 ?I offered $289K for a house but was not able to make a down payment. The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment. When we sat down to sign the ... more...

Is This Shared Appreciation Mortgage a Good Deal?
Column Delivered October 22, 2001 ?The city of Burbank has a Mortgage Assistance Program that offers home buyers a 30-year second mortgage loan, with zero interest and no payments for the first 5 years. After 5 years, the second must ... more...

downpayment assistance related definitions

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...

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...

More about downpayment assistance

Get Free downpayment assistance Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Debt Management Services vs. Debt Consolidation Loans
Figuring out the difference between a debt management service and a debt consolidation loan can be a little tricky. While both are designed to lower your payments and get you out of debt, each goes about this task in a different way. It is important to understand the differences between the two ... more...

Business Loans - Finance Your Dreams
We all have dreams. If you have dreamed of owning a group of companies or taking your business to new heights thus becoming a successful businessperson but it is the money thats hindering your way. You need not worry because now you have business loans that can help you finance your dreams ... more...

Debt Consolidation: Reduce Your Monthly Debt Payments Now
Debt consolidation is frequently becoming a very familiar term used in these consumer frenzy-spending times when everything that is available to purchase is often presented with the availability of a hire purchase agreement.While the goods that we want are made more easily available for us to ... more...

Be Cautious Of Those Offering Foreclosure Help
If you are facing a potential foreclosure, you are in a tough situation. But you aren't alone. With interest rates on the rise and home appreciation on the slow down, many homeowners are having trouble hanging on to their homes.And there are plenty of people banking on the desperation that this ... more...

Top 5 Things You Need to Know About Your Mortgage!
Mortgages tend to be complicated with varying interest rates, terms, numerous fees and conditions that can greatly impact the final outcome, or better represented by the money spent to borrow the money to buy a new home. There are financial advisors, mortgage lenders, loan officers, and other ... more...

Ten Myths Of Real Estate Investing
Is real estate investing only for the wealthy? Can you buy with no money down? Do you have to know the "right" people? Let's answer by looking at some of the myths of real estate.1. Real estate investing is for the wealthy. Money helps, but my first real estate investment was a $3,500 lot - which I ... more...

Free Credit Reports - How to Maintain Your Credit Profile
Maintaining your Credit ProfileEvery consumer should be maintaining their credit profiles to ensure the highest scores possible. To do so, you must first order your credit reports from the three major credit bureaus: Equifax, Trans Union, and Experian. The federal Fair Credit Reporting Act (FCRA) ... more...

Reglazing Bathtubs for a Whole New Experience
Is there a need to provide a more worthy bathing experience in the household? Then bathtub reglazing may be an option.Bathtub ReglazingBathtub reglazing or refurnishing can improve the features and quality of the present bathtub. The refinishing and the new touches can give a total makeover to the ... more...

Stop Foreclosure - 7 Tips to Save Your Home
Faced with the threat of a foreclosure on their home, with all the weight of the mortgage industry and its army of attorneys against them, the average homeowner might feel like David facing Goliath.But David defeated Goliath !David had a sling and some pebbles.You have an armory of tactics and ... more...

MLM Money Making Opportunities
There are still real money making opportunities mlm style available that you might want to take advantage of. Even though many people these days consider any MLM (Multi-Level Marketing) business opportunity to be bogus. You just need to know what to watch out for when looking in this particular ... more...

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