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The CMG Plan: Your Mortgage as a Checking Account
1 August 2005 "Recently, I heard an ad on the radio about a new type of mortgage from CMG Financial that allows you to use the mortgage as if it was a checking account. According to them, this allows you to pay off your loan in about half the time. Would you give me ... more...

Bimonthly, Biweekly, and Simple Interest Biweekly Mortgages
May 21, 2001, Revised November 30, 2004 Many lenders offer loan repayment programs that differ from the standard monthly payment arrangement.  The inducement is an earlier payoff.  These programs can be confusing, and the ... more...

mortgage payoff related definitions

Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

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Get Free mortgage payoff Quotes and Estimates

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...

Subprime Mortgage Loans - 3 Questions To Ask Your Subprime Mortgage Broker
Subprime mortgage brokers offer a variety of mortgage loan packages from different lending companies. They can find financing for almost anyone, regardless of their credit score. Even though brokers offer a valuable service, you still need to ask questions to be sure you are getting the best deal.1 ... more...

Bad Credit Home Mortgage Refinance - Should You Refinance
A bad credit home mortgage refinance is possible for people with previous credit problems. The interest rates will not be as low as those for consumers with good credit but you can still end up saving in the end.There are several questions you should ask yourself when considering a home mortgage ... more...

New Credit Scoring Model Could Help Millions
Mark and Beth, a young married couple in their twenties, established a goal to buy a home within the first three years of their marriage before starting a family. They budgeted and used their money wisely in order to save for the down payment. Whenever they purchased something they always paid ... more...

Bad Credit Mortgage Refinancing - 3 Reasons to Refinance for a Better Rate
Individuals with bad credit often assume that it is impossible to obtain a refinancing or home equity loan. However, this assumption is false. Because a new mortgage and home equity loan is protected by your home, mortgage lenders are more eager to offer money. Do not allow bad credit to ... more...

FHA Mortgage: What's the Best Way to Show an Underwriter that You're Ready to Buy a House?
Mortgage underwriters can be a suspicious bunch. If you have bruised or even bad credit, you have your work cut out for you. Many loan programs have guidelines that set a minimum FICO score of 620. FHA does not allow lenders to reject a loan based solely on FICO scores, but if yours is less than ... more...

Bad Credit Home Mortgage Refinance - Pro's and Con's of Refinancing Home Mortgage
If you purchased your home during a time when mortgage interest rates were high, you have probably considered refinancing your home mortgage for a cheaper rate. In recent years, interest rates have dropped significantly. Thus, allowing many to save thousands on their home mortgage. If you have ... more...

Is the New Millennium Method Really $1.204,000 Better then a Bi-Weekly Mortgage
This Article will compare and Contrast the Old-School Bi-Weekly Mortgage Method with the New Millennium Invest the Difference Method. Can The New Millennium Method really result in over $1,200,000 more money in your Retirement Account.A Bi-Weekly Mortgage is a Craze that has been Sweeping the ... more...

Bad Credit Home Mortgage Refinance Should You Refinance
A bad credit home mortgage refinance is possible for people with previous credit problems. The interest rates will not be as low as those for consumers with good credit but you can still end up saving in the end.There are several questions you should ask yourself when considering a home mortgage ... more...

Houston Mortgage Refinance
Refinancing your mortgage with a Houston mortgage company can help save you money and improve your quality of living. There are a number of benefits that homeowners can receive when refinancing a home. Lowering your current rate is one of the most traditional forms of refinancing. Shortening the ... more...

The 21st Century Way To Build Equity
Here to stay and firmly established in the U.S. mortgage market, biweekly mortgage payments are gaining momentum. First introduced into the U.S. in the early 1980's by several small Northeastern Banks, the idea of biweekly mortgages has its origins in Canada.This concept soon became the popular ... more...

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