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Mortgage Professor about first time home buyer: | |||||||||||||||||||||||
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... What Is the "Price" of a Mortgage? December 4, 2000 "I?m a first-time home buyer shopping for my first mortgage and find myself confused about what I?m shopping for. I understand interest rates (I think), but I also hear about fully-indexed interest rates, points, rebates, origination fees, junk fees ... more... |
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first time home buyer related definitions |
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FHA Mortgage Insurance
FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more... MIP, Mortgage Insurance Premium MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more... |
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More about first time home buyer A Critical Guide to Home Loans: Your Options and How They Affect Your Future How I Became a Real Estate Investor Making it affordable: Nine tips for first time home buyers Real Estate Investors - How to Buy for Your Rent to Own Homes Inventory Coinciding Settlements Clauses Funding Issues Understanding Real Estate Terminology First Time Home Buyers - Get Your Top 5 Mortgage Questions Answered Here! ReaL Estate Basics part 2 Exotic Mortgage Houston First Mortgages
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