What is existing - Adverse Credit Mortgage Loan - Persistence is the Key to Getting Approved



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Mortgage Professor about existing:

Refinancing With Two Mortgages
September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300. The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more...

Why Won't My Mortgage Refinance Go Through?
May 19, 2003 "I filled out all the forms to refinance my loan, paid the $350 lock-in fee, provided all the documents they asked for...But it is now 4 months and still it hasn't closed...Periodically I call the person in charge of my refinancing, and he says he will get back ... more...

existing related definitions

Prepayment
Prepayment Full or partial payment of the principal before the due date. This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan. ... more...

Sheriff Sale
Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more...

More about existing

Get Free existing 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...

Adverse Credit Mortgage Loan - Persistence is the Key to Getting Approved
People with bad credit that are looking to get a home mortgage loan or to refinance their existing home mortgage loan, know how difficult of a job it can be to try and get approved. Adverse credit history can mean a little more legwork to get an approval for a mortgage loan, and especially to get ... more...

Guide to Business Loans
Here is a useful guide to business loans. Business loans are loans specifically tailored for enterprising business people who are just starting their own companies or existing companies needing additional funding for expansion or restructuring.Business loans serve a variety of needs for both new ... more...

Low Home Mortgage Interest Rate - Finding the Best Mortgage Rate
Interest rates are at an all time low, making now the perfect time to purchase a new home or refinance your existing mortgage. The interest rate you receive will depend largely on your credit rating, monthly debt, and your income. Mortgage loans are typically 15 to 30 years in length and will ... more...

Be Prepared when Seeking a Mortgage
When you're looking for a mortgage, whether it's a first time loan or you're taking advantage of an opportunity to refinance an existing mortgage, it may seem that you're wading through a quagmire of uncharted territory. If you're prepared ahead of time, you'll avoid some of the common pitfalls and ... more...

What is Mortgage Refinancing?
Mortgage Refinancing is defined as the process wherein the borrower applies for a new loan usually at a lower interest rate in order to pay off an existing loan with a higher interest rate. The other common reason when a borrower opts for a mortgage refinancing is when the borrower wants to change ... more...

Refinancing After Bankruptcy - Is Refinancing Your Home a Good Idea?
Refinancing your home after a bankruptcy is similar to purchasing a new home. A refinance creates a new mortgage to replace the existing mortgage. Thus, you are required to complete loan applications and pay closing costs and other fees. Some believe that obtaining credit following a bankruptcy is ... more...

Refinancing After Bankruptcy Is Refinancing Your Home a Good Idea?
Refinancing your home after a bankruptcy is similar to purchasing a new home. A refinance creates a new mortgage to replace the existing mortgage. Thus, you are required to complete loan applications and pay closing costs and other fees. Some believe that obtaining credit following a bankruptcy is ... more...

Bridging Loan Basics
A Bridging Loan is a short-term loan used as a way to provide funding for the purchase of a new property while the borrower awaits the sale of an existing property. Unless all the stars are in perfect alignment, its tricky to coordinate the sale of one property and the purchase of another property ... more...

Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Home's Value
With the low interest rates being offered by lenders today, now can be the perfect time to refinance your existing mortgage. Remember that you do not have to refinance your home through the same lender that provided your initial mortgage. Lending institutions are offering competitive terms and ... more...

Estate Agents on the Costa Blanca Spain
Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the ... more...

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