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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 Negotiating the Sale of Your Home First Time Buyer Mortgage Key to your First Home First Time Home Buyer Loans Made Easy First Time Home Owner Mortgage Loans Exotic Mortgage First Time Home Buyers - Get Information Here The Best Time to Inspect Your Home! High Tension for the Buyer and Seller of Real Estate Can Be Reduced First Time Home Buyer - Basic Information Tips for First Time Home Buyers
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