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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

Upfront Mortgage Brokers Listed by State
IMPORTANT NOTICE:  BEFORE CONTACTING BROKERS LISTED BELOW, READ  "HOW TO DEAL WITH A UMB" Upfront Mortgage Brokers as of December 10, 2005  Arizona Resident Brokers Keith Carothers, AZ Mortgage Dr. Fee: Negotiated on a case-by-case basis www.azmortgagedr ... more...

mortgage lender 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...

Private Mortgage Insurance, PMI
Private Mortgage Insurance, PMI Loans with an LTV over 80% may require Private Mortgage Insurance (in some cases 75% or 70% when refinancing). If you do not have a 20 percent down payment, lenders will allow a smaller down payment. With the smaller down payment loans, however ... 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...

Bad Credit Home Financing - Choosing a Subprime Mortgage Lender
In the early nineties subprime mortgages accounted for about five percent of all mortgages. Today the subprime mortgage loan sector comprises more than twenty percent of the mortgage market. With this explosion of subprime mortgage lenders and brokers, it is important to know what to look for when ... more...

Refinance Mortgage Lenders - Finding The Best Refinance Lender
Finding a good lender to refinance your mortgage can be almost as important a decision as the actual mortgage you choose. In order to make a wise selection of a refinancing lender you should do four things:1.Know the objective of your mortgage refinanceDo you want to lower your current interest ... more...

Avoiding Foreclosure
If you fall behind in your mortgage payments, you face the threat of foreclosure.Foreclosure means your lender can take over your home, and you must move out. If your house is worth less than the amount you owe on your mortgage loan, your lender may even seek a deficiency judgment. If this happens, ... more...

Understanding a UK Commercial Mortgage
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.When you use a ... more...

Subprime Mortgage Loans - Which Lenders Should you Avoid?
If you have bad credit, your options for a mortgage lender may be limited. For the most part, traditional mortgage lenders prefer applicants with a high credit score. If you do not match their criteria, you will likely have to obtain a mortgage from a subprime lender.Subprime lenders provide ... more...

Refinancing Your Home After Bankruptcy - Tips On Finding The Best Lender
While most financial guru's recommend avoiding bankruptcy, some people discover that filing for chapter 7 or chapter 13 is their only alternative. Bankruptcy is extremely damaging to your credit. For the next seven to ten years, you can expect to receive ridiculously high interest rates on homes, ... more...

Ending Your Private Mortgage Insurance Early
Private mortgage insurance, or PMI, is the safety net of the lender. PMI benefits lenders because it guarantees payment on the balance of loans not covered by the sale of foreclosed properties.If a borrower makes a down payment of 20% of the cost of the home, the lender can generally trust that he ... more...

Mortgage Refinancing for People with Bad Credit - How to Choose a Refi Lender
If you have bad credit, choosing to refinance your home mortgage may help improve your situation. Why? For starters, when most homeowners refinance their loan, they do so to acquire a lower rate, which lowers their monthly mortgage payment. In addition, obtaining a cash-out refinance will ... more...

3 Things To Look For in a Florida Mortgage Lender Online
Wondering if you can really find a great Florida Mortgage Lender online? It is possible to get a good mortgage with a low rate, great terms and low fees. And you can do it online, with less hassles and headaches, by completing a simple application form. But before you sign on the dotted line ... more...

3 Strategies For Buying Property With No Money Down
Everyone has heard a story or read about someone who bought a property without paying a single dime as a down payment. But how does this work?There are several "classic" methods commonly used to purchase real estate with no money down. There are an infinite variety of situations in a real estate ... more...

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