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Mortgage Professor about home purchase: 
What Mortgage Market Niche Are You In?
October 19, 2002 "I recently found what appeared to be the best deal on a 30-year fixed-rate mortgage from ads in the newspaper, but when I told the loan officer exactly what I needed, the price rose and the amount I could ... more...

What Do Fannie Mae and Freddie Mac Do?
March 10, 2003 "What are Fannie Mae and Freddie Mac, and what do they do?" Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs). This means that they are privately owned, but receive support from the Federal Government, and assume some public ... more...

home purchase related definitions

American Dream Downpayment Initiative
American Dream Downpayment Initiative The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households. ADDI help first-time homebuyers with downpayment and closing costs. The program assists low-income ... more...

Earnest Money
Earnest Money Money given by a buyer to a seller as part of the purchase price to bind a transaction or assure payment. This deposit made by a buyer of real estate towards the down paymen is typically held by the real estate brokers or the escrow company. ... more...

More about home purchase

Get Free home purchase 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...

Getting Started in Real Estate Foreclosure Investing
Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine ... more...

Bridge Loans From One Home to the Next
Youve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans.From Here to ThereYou have two basic options when you are considering selling one home to move to another. The first option is to sell your home, ... more...

10 Things You Shouldn't Do When You're Buying a Home
Home Buying Don'tsYour home buying process is well underway. The sellers accepted your offer to purchase. The home is officially under contract and you're counting down the days to closing. The lender pre-approved you, so buying the house is a sure thing, right?Not quite. Nothing is certain until ... more...

Lake Havasu Homes
Many tourists consider Lake Havasu to be so enjoyable that they purchase winter homes, while others decide to move there altogether. Home to the London Bridge, Lake Havasu City offers its residents a piece of Old World charm in an Old West locale. Lake Havasu homes are very reflective of their ... more...

No Money Down Home Loan
Are you in the market to purchase a home but are concerned about not having enough money for the down payment? No down payment home loans or 100% financing for your mortgage loan used to be only advertised during late night infomercials and in obscure real estate publications. The good news is that ... more...

RESPA: The Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for settlement services. Another purpose is to eliminate kickbacks and referral fees that increase unnecessarily the costs of ... more...

What You Should Avoid in the Months Before a Home Purchase
Buying a home is a big step and there are some definite no-nos to avoid so that your home buying experience isn't something that makes you want to jump off the nearest bridge. While many people assume we are talking about the 'shopping around and making an offer' period no-nos, we are actually ... more...

How to Finance and Build Your Dream Home
If you have always dreamed of building and living in the home youve helped design, its time to seriously consider putting your dream into action. In todays mortgage market, a specially designed loan for just such a homeowner, the construction to perm loan, includes the construction loan to ... more...

A Home Loan Can Help You Own Your Dream Home
Owning your dream home need not just be a dream. You can own it with a home loan offered by any number of financial institutions to help meet the shortfall between the purchase price of the home and the down payment that you provide.The two types of home loans or mortgages that you need to know are ... more...

How To Simplify Your Real Estate Buying/Selling Experience
Todays real estate consumer has a lot to consider during the sale or purchase of a home. Be it waiting for the right buyer/seller, mortgage rates, or the moving truck, the experience can take a bit of patience on the part of the consumer. With this in mind, it is incumbent upon real estate ... more...

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