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What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more...

Common Questions About Mortgage Brokers
May 4, 1998 "What do mortgage brokers do?" A mortgage broker is an independent contractor who offers the loan products of multiple lenders who are called "wholesalers." A mortgage broker counsels ... more...

high risk loans related definitions

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

Secondary Mortgage Market
Secondary Mortgage Market The place where primary mortgage lenders sell the mortgages to investors like Fannie Mae or Freddie Mac in order to obtain more funds for originating more new loans. Secondary mortgage market provides liquidity for the lenders. Government-sponsored ... more...

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Get Free high risk loans 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...

Homebuyer Heaven Cant Possibly Last
With interest rates at record lows over the past year, theres really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. However, the ... more...

Car Loans For People With Bad Credit - Points To Consider
Car loans are a real possibility for people with bad credit and often a huge step in rebuilding ones credit score. Before you apply for vehicle financing, check your credit report and shop with several lenders. Also, remember that you can refinance for better rates once your credit score has ... more...

The ABCs of Bad Credit Lending
What is a Bad Credit Lender Anyways?A Bad Credit Lender is any money lender that specializes in difficult to fund loans. These might include money loans to borrowers with poor credit, low FICO scores and little to no assets/equity. Individuals with bad credit may find it difficult, if not ... more...

FHA Home Mortgage Purchase or Refinance Loan - Why You Might Consider Getting an FHA Loan
Most borrowers have heard of FHA home loans. They are very common. You hear about them mostly as loans for first time borrowers, which is common. However, most people don't realize that FHA loans can also be does for refinancing. They are not only for purchasing a house.HUD owns and operates ... more...

Bad Credit? Get a Payday Cash Advance Loan With No Credit Check
Do you have bad credit history? Even with a recent bankruptcy or foreclosure, if you are in need of some emergency cash, you may want to consider getting a payday loan. The benefits are you get the cash fast and it is an easy process, compared to applying for a new personal loan. You can apply ... more...

Getting That Car Loan: Simple Interest Is The Best
So heres the situation: you are buying a car but you dont know what type of auto loan offers you should go for. What should you go for?The answer is simple enough: get a simple interest loan.What is a simple interest loan anyway?A simple interest loan is a loan where you pay interest only on the ... more...

Second Mortgages and Bad Credit
Nearly anyone can get a second mortgage. Gaining approval for a second mortgage is more difficult than getting a first mortgage, but is usually possible, but it is much more difficult for people with bad credit to be approved for a second mortgage. Bad credit occurs when someone has CCJs ... more...

2nd Mortgage or Refinance and Cash Out
A second mortgage is simply an additional mortgage secured by your property. As a homeowner with equity in your home you might consider using a 2nd mortgage to pay off high interest debt, pay for college tuition, or renovate your home.The advantage of a 2nd mortgage over a home equity line of ... more...

How To Get A Low Cost Secured Loan?
Difficult situations prompt us to take a loan, but the repayment burden it creates and the amount of extra payments, which we have to make in the form of interest and fees, worries us constantly. The first priority of any person should be to be self-sufficient. If he or she has to take a loan due ... more...

Use Bad Credit Home Loan To Get Funds Despite Poor Credit Ratings
Blemishes appear in the credit report when a borrower misses a credit card payment; defaults on loan installments or doesnt pay his bills on time. A sharp eye is kept on these events by the credit rating agencies and they label such a borrower as a bad credit case. This serves as a warning to ... more...

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