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Mortgage Professor about property settlement: 
How to Shop For a Mortgage
September 24, 2003, Revised November 12, 2004 Shopping for a mortgage effectively isn?t easy. Reforms proposed by HUD, which were pending at the time this article was first drafted, and which promised to make the process much easier, were never enacted.   ... more...

What Is the Down Payment?
January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance.  I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more...

property settlement related definitions

Settlement Statement, HUD-1
Settlement Statement, HUD 1 Document used by the settlement agent to itemize all charges for a real estate transaction, detailing the final financial settlement and costs paid by both buyer and seller of a property. Settlement Statement or closing document required by HUD ... more...

Settlement Costs, Closing Costs
Settlement Costs, Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time ... more...

More about property settlement

Get Free property settlement 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...

Mortgage Terminology for the First Time Home Buyer
Buying a Home for the first time can be a little nerve racking. Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what theyre talking about. Here are some mortgage terms and definitions that youll be hearing when shopping ... more...

Clear-a-debt: What Happens In A Personal Bankruptcy?
Consumer Credit Counselling is often a first step, but once you realize you can't keep up with the payments, you should take action quickly. Ignoring the problem will only make it worse as creditors pile on late fees and take legal action to take your property and wages.Types Of Personal Bankruptcy ... more...

An Estate Planning Primer
An estate plan can be designed by clients and their professional advisors to achieve the clients personal and financial objectives. Or, it can be an arrangement imposed upon survivors by state intestate succession laws if someone dies without a valid, up-to-date will. Even though a will is the most ... more...

How to Finance and Build Your Dream Home
If you have always dreamed of building and living in the home youve helped design, its time to seriously consider putting your dream into action. In todays mortgage market, a specially designed loan for just such a homeowner, the construction to perm loan, includes the construction loan to ... more...

Unsecured Loans Substituting Secured Loans
Watching more and more people fall in the trap laid down by the secured loans, you resolved never to take debt help from the lending organisations. Nevertheless, as and when need arises, the lending organisations do have to be approached for help. With the many changes that have taken place in the ... more...

Instant Approval of Personal Loans Whether Justified or Not
After rate of interest, if there is any thing that most people desire for in a personal loan, then it is instant approval. Instant approval of personal loans has different connotations for different people. While for some people, instant approval signifies approval within a day of application; for ... more...

Construction Loan Basics
It might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), ... more...

Benefits Of A Relocation Service
In relocating into a new house or office, you are aware of the chaos it may bring to your life. With all the clutter in your house, the planning and preparation of the relocation, choosing the right house, and what to do before and after relocating, who could accomplish these things with just two ... more...

Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained)
There is a relatively new and not always well understood practice in Real Estate sales; it is called Buyer Agency or Buyer's Agent. Until recently Realtors and agents usually represented the seller, in opposition to the buyer, during the real estate transaction. Even the real estate agent who drove ... more...

Real Estate Mortgage Loan: How to Prepare Yourself to Save Money
Besides your credit score and the other five qualifications you must meet to finance a real estate mortgage loan, you need to gather papers and documents. Speed up your financing and make your life easier. Organize your papers into a three-ring binder or file system. You wont need all of the ... more...

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