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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...

first time home buyer related definitions

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...

More about first time home buyer

Get Free first time home buyer 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...

A Guide To Finding the Best Nashville Mortgage Companies
If you are thinking about moving to Nashville, or if you already live there but want to purchase a different home, finding the right Nashville mortgage company can be a daunting task.Nashville is centrally located in the state of Tennessee. It is nicknamed "Music City" and is the home of The Grand ... more...

A Guide To Finding the Best Nashvlille Mortgage Companies
If you are thinking about moving to Nashville, or if you already live there but want to purchase a different home, finding the right Nashville mortgage company can be a daunting task.Nashville is centrally located in the state of Tennessee. It is nicknamed Music City and is the home of The Grand ... more...

Turn That Fixed Rate Mortgage Into A Goldmine
When you purchased your home, you most likely got a fixed interest rate mortgage with a 15 or 30 year term. These are the most popular mortgages in the industry. Even in the summer of 2004, when the interest-only or simple interest mortgage loans became popular, the average American stuck to the ... more...

Real Estate Wealth Protection Through Short Sales
Is a sharp correction in store for the real estate market?Fannie Mae, the largest buyer of mortgages in the US, is worried. They recently warned that the probability of a housing bust has risen sharply in certain parts of the country.Fannie Mae and Freddie Mac financed about 43% of new home ... more...

Mortgage Tips for First Time Buyers
A home is the single most expensive thing most people will ever purchase. In addition, paying off a home loan can take as long as forty years and will involve paying an amount of interest that exceeds the cost of the house itself. In short, buying a house is not something to be done without a lot ... more...

Real Estate Terms From Appraisals to Comps
When youre selling your home or other real property on your own, you dont have to know everything about the process. It does help to have a practical knowledge of the terms that come up during the process.Keep in mind, these arent intended as be all, end all, penultimate definitions. Theyre ... more...

The Best Way to Buy a New Home While Selling Your Existing Home
Buying a home and selling a home at the same time can be one of the most difficult and nerve wracking of all real estate transactions. Many people wonder how to juggle the selling of one home with the purchase of another. They may be worried that their home will not sell by the time the money is ... more...

Online Mortgage Loan Companies Are Convenient
There are many reasons to use the internet to take care of your mortgage loan needs. Online mortgage companies can give you quick answers to your mortgage application and can often times give you an answer of whether or not you have been pre-approved within 24-48 hours after you submit your ... more...

Securing the Best International Mortgage for Your Home in Spain
Are you one of a growing number of people planning on buying a holiday home in Spain?Or have you decided to expatriate, buy a Spanish home and live in it permanently?If so, you may be about to begin your hunt for an international mortgage to purchase real estate abroadThe task of finding the best ... more...

California Home Mortgage Companies How Much House Can You Afford?
Because of rising home prices, many homebuyers are forcibly purchasing homes they cannot afford. While many are able to handle the mortgage payments, they are unable to keep up with utilities and other household expenses. There are ways that you can avoid being house broke. Before applying ... more...

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