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Mortgage Professor about massachusetts first time home buyer: | |||||||||||||||||||||||
Are Mortgage Assumptions a Good Deal?
November 17, 2003, Revised December 20, 2005 ?I have been offered a deal where I take over the home seller?s mortgage. What are the pros and cons of doing this?? Benefit of Mortgage Assumptions to Buyers When a homebuyer assumes responsibility for a home seller?s ... more... Second Mortgage Versus Home Equity Loan June 9, 2003, revised August 30, 2003 "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar ... more... |
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massachusetts first time home buyer related definitions |
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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... |
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More about massachusetts first time home buyer Why it is Important to Hire Just One Real Estate Agent to Buy a Home How to Buy a Home When Your in Your Twenties A Singles Game of Real Estate Purchase Your First Home with Confidence Sell Your Home Without a Realtor and Save Thousand$$$ Mortgage Glossary - A Glossary of Mortgage Terms You Should Know Real Estate Stories that Show You How! A Critical Guide to Home Loans: Your Options and How They Affect Your Future First Time Buyer Mortgages Transforming Homeless into Property Owners Mortgage Terminology for the First Time Home Buyer
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