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Piggyback Loans: Two Mortgages Cost Less Than One?
August 7, 2000 ?I can?t afford to put 20% down.  My broker says it will cost less to take out a combination first and second mortgage, where the second would provide another 10% down, than to put 10% down on a first mortgage and ... more...

Why a Reverse Mortgage Leaves Money Behind
December 1, 2003 ?I was my aunt?s only relative, and when she died I was surprised to inherit a house worth $250,000, with reverse mortgage debt of only $90,000. I had encouraged her to exhaust the equity in her house, and she always told me that she was using it as fast as the ... more...

home appreciation related definitions

Equity
Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more...

Equity
Equity The difference between the fair market value and current indebtedness, also referred to as the owner's interest. The value an owner has in real estate over and above the obligation against the property. Equity increases as the mortgage is paid or as the property enjoys ... more...

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Earning Rental Income from a Gatlinburg Cabin
Gatlinburg has a small but thriving community of property owners. The 2000 census estimated that 3,300 people live year-round in Gatlinburg. Every year, there are hundreds of Gatlinburg cabins for sale and many new buildings continue to be developed.The purchase of Gatlinburg cabins has picked up ... 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...

Home Equity - Let the Market Eliminate Your Private Mortgage Insurance
In decades past, most people who were interested in obtaining a home loan were required to put down at least 20% of the purchase price. Those days are gone, and as home prices have risen faster than incomes, the average down payment required by lenders has dropped. In fact, it is often possible ... more...

Home Equity Let the Market Eliminate Your Private Mortgage Insurance
In decades past, most people who were interested in obtaining a home loan were required to put down at least 20% of the purchase price. Those days are gone, and as home prices have risen faster than incomes, the average down payment required by lenders has dropped. In fact, it is often possible ... more...

South Carolina Real Estate - Past and Present Collide
With tons of history and modern development, South Carolina is a unique state. South Carolina real estate is also unique because prices are so low.South CarolinaIt would be an understatement to say South Carolina played a major role in the Civil War. Battles raged across the land and the state has ... more...

Oregon Real Estate - Going Hip and Green
Located in the Pacific Northwest, Oregon is hip state that gets a lot of rain. This rain results in a beautiful green state, but doesnt put a damper on the real estate market.OregonFrom the stunning Crater Lake to Pioneer Square in Portland, Oregon is a diverse state. The population ranges from ... more...

Georgia Real Estate - Southern Hospitality
Known as the Peach State, Georgia is the state of southern hospitality. If you prefer the traditional southern culture, Georgia real estate is certainly worth a look.GeorgiaThe largest state east of the Mississippi, Georgia has a long and glorious history. Civil war monuments are rife throughout ... more...

Mortgage Interest Rates Rising Too Late to Refinance Your Mortgage?
Mortgage interest rates may be at their highest levels of the last four years; however, it is not too late to find good mortgage deals.Mortgage interest rates have been rising due to high energy costs and economic uncertainty due to inflation. Despite these increases the mortgage industry is still ... more...

South Dakota Real Estate - Step Away From The Rat Race
From National Parks to a relaxed pace of life, South Dakota has a lot more going for it then you might think. With some of the cheapest prices in the land, South Dakota real estate is a steal.South DakotaIf youre looking for bustling cities and every modern convenience, South Dakota is definitely ... more...

Montana Real Estate - Big Sky Country
Montana is known as Big Sky Country for the wide-open spaces you can find there. Fortunately, Montana real estate is inexpensive enough to make it a good relocation spot.MontanaMontana has some of the most beautiful scenery in the United States. With towering mountain ranges, wide-open prairies and ... more...

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