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Mortgage Professor about land loan: 
What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance.  I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more...

Manufactured Housing: A Messy Picture
May 19, 2003, Revised February 14, 2005 What Is a Manufactured House? A manufactured home is built entirely in a factory, transported to a site, and installed there. It is distinguished from "modular", "panelized", and "pre-cut" homes, ... more...

land loan related definitions

Mortgage Lender
Mortgage Lender A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation ... more...

Accretion
Accretion The addition to land through natural forces like wind or water. Example : deposit of soil carried by a river .   ... more...

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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...

The Wealth Effect and Real Estate: the Pro's and Con's
Consumerism these days in both the United States and Canada is at its peak in light of the buoyant real estate market. Consumerism is a side-effect of capitalism - the good capitalism as Adam Smith might have called it. Consumerism is that particular economic niche where you find wealthy consumers ... more...

How to Sell Your Own Home and Save Thousands of Dollars
Most people take the easy way out when selling their home and hand the responsibility over to a real estate agent, when in fact the average homeowner is capable of selling their own home.Apart from the satisfaction of making the sale yourself there is the bonus of saving thousands of dollars in ... more...

Is a Microloan Right for You?
If youve been tossing around an idea for a small business, but wondering where youll find the money you need to get started, perhaps you should consider a microloan. Microloans are ideal for getting a new business off the ground. A microloan can also provide an infusion of cash to help an existing ... more...

Building A Medical Spa Inside Your Existing Medical Practice
The physicians conundrum: Everywhere, physicians are contemplating or engaged in expanding into the medical spa market. Seduced by the media buzz around this hot new phenomenon, many doctors see the medical spa as a means boosting their income and eliminating the growing grind and countless ... more...

How To Survive In A Plastic World, Qualifying For Credit Card
Lets face it, having credit is no longer a choice. Dont leave home without it is more like cant buy a home without it. Your credit now determines the neighborhood you live in, the kind of car you drive and, sometimes, even whether or not you get a particular job.Credit cards are great financial ... more...

Wyoming Mortgage Rate
Wyoming is becoming one of the most attractive states in the West. Located in the breath-taking Great Plains, Wyoming is the least populated of all the States. There is a lot of room for growth. The current population is estimated to be around 509,294. The population has increased by over 3% in ... more...

Creative Ways to Finance a Business Purchase
Youve just walked out of a business owners office, who has grown an established, profitable business that he is willing to sell to you, for very favorable purchase terms, at a fair price, but you have no clue how you are going to raise the necessary capital required to complete the purchase. ... more...

Five Reasons for Tenants to Buy Instead of Renting - An Economic Perspective
If you are presently a Tenant anywhere in North America, before you plan to remain a Tenant you should read this Article. There are several good reasons for ownership to prevail over tenancy and the real estate profession is littered with extremely clever pointers as to why Tenants should buy - and ... more...

No Income Verification Loans When Income Doesn't Show on Paychecks
Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099s - there is an exhaustive list of some of the forms that you may require to provide for a loan. Income documentation is not always easy for someone who is self employed or retired or for any person who doesnt have a ... more...

Title Insurance Examples of Problems and Advice
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesnt the attorney or settlement company handling the closing see to it that you have a clear title? Isnt this just another ... more...

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