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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 Gun Defense Questions and Answers. Why have a gun in the first place? When Your Bills Are Piling Up Here Are 6 Different Ways to Consolidate Bad Credit? First Time Buyer? You Can Still Get Approved For A Home Mortgage Loan 'We Buy Houses' Scams How to Spot Them and How to Avoid Them Home Mortgage and Financing Terms Home-Based Business For Fun And Profit Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained) Buying a Home with Bad Credit Own a Piece of the American Dream Seven Steps for a New Home Loan Purchase First Time Home Buyers Guide - A Valuable Resource For Those With No Credit Or Bad Credit
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