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What Is a Wrap-Around Mortgage?
October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage. For example, S, who has a $70,000 mortgage on his home, sells his home to B for $100,000. B ... more...

How Do I Figure Escrows?
September 6, 1999 "My loan officer tells me I need to deposit $1157 into an escrow account at closing to take care of future taxes and hazard insurance payments, but when I asked him where that number came from he said 'it is set by HUD' and was unable to explain it further. ... more...

payment responsibility related definitions

Negative Amortization
Negative Amortization Negative amortization, also known as Neg Amortization, NegAm, NegAmMort, occurs when borrower pays back less than the full amount of interest owed to the lender each month. The difference betweeen full interest and paid amount is added to the total amount ... more...

Deed of Trust
Deed Of Trust In many states, this document is used in place of a mortgage to secure the payment of a note. Used in many states in lieu of a mortgage to secure the payment of a note. In a deed of trust there are three ... more...

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Get Free payment responsibility 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...

The Contingencies of Despair: How Existentialists Survive
~ Dread is dizziness unto freedomfreedom that gazes down into its own possibility. In this dizziness freedom succumbs. ~An individual awakes as he usually does, uses the bathroom and brushes his teeth as he usually does, and goes to the kitchen for his usual bowl of Slurpy Os cereal. But his ... more...

Composite Credit Report Score Simplifies Mortgage Issues
Do you want a mortgage loan for your new home? Trying to qualify for a new mortgage can be very tough, especially if you arent aware of the effect your credit report score has on your ability to get approved for loans. One of the first things a lender looks at to determine your suitability for a ... more...

Top 5 Credit Misconceptions
We have all heard the rumorsfrom neighbors, relatives or friends. There are a wide variety of myths floating around about what you should and shouldn't do to improve your credit reports and credit scores. The buck stops here! Phelps Creek Financial Coaching has exposed these urban legends to ... more...

Clouds on a Title
Before you close you need to be sure that there are no clouds on your title. It is at closing that you will be handed the title from the previous owner, one that has no liens and that is marketable and one that has no clouds. If your title did have a lien it would mean that money was owning, money ... more...

Ten Creative Financing Techniques
Do all the creative financing techniques you hear about really work? Yes, actually. They probably have all worked somewhere for someone at least once. The point isn't if they will all work for you. The point is to know what is possible, so you can find your own creative ways to invest in real ... more...

Creative Real Estate Financing
Do the creative real estate financing techniques you hear about really work? Yes and no. They likely have all worked somewhere for someone at least once. The important point is to understand the principles involved, so you can find your own creative ways to invest in real estate. Here are ten ... more...

Buying Outer Banks (OBX) Investment Property
So, youre thinking of purchasing a rental property at the beach. Historically, real estate investments have proven to be a wise investment strategy. The name of the game has always been maximizing cash flow. Years ago, one could realize a healthy rate of return based on cash flow generated from ... more...

Debt Consolidation Plan: "Plan" Before You Leap!
Too many debts to deal with? Has it become unmanageable? Different interest rates, different loan terms, different monthly instalment datestoo confusing??? Heres the solution youve been looking for Debt Consolidation Plan. Debt consolidation loans, as you may be aware consolidate all debts ... more...

How Your Personal Credit Affects Your Chances of Getting a Business Loan
Your business idea first begins with a dream, and then extends to a passion. The passion to do what you love leads you to need financial assistance. Having the means to expand on your passion will bring hope to your livelihood. Does your personal credit affect your chances of getting a loan to ... more...

Debt Consolidation Loans: Thousands Now Out Of Debt, Who Never Thought They Would Be!
A Debt consolidation loan: Is a personal loan you use to pay all your debts. You may odtain it from a finance company, bank, credit union, debt consolidation company, merchant association, debt pooling service, or nonprofit consumer debt service. You may also borrow from friends and relatives.A ... more...

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