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Mortgage Professor about ranch home addition: | |||||||||||||||||||||||
Avoiding Taxes on a Gift of Equity
December 20, 1999, Revised April 16, 2003, Revised July 16, 2004 "My parents are willing to sell me their home, which is worth $200,000, for only $150,000... Can I arrange the sale in a way that will allow me to avoid mortgage insurance?" In addition to ... more... How Much House Can You Afford? December 10, 1999 Borrowers often begin their home search with only the foggiest idea about how much they can afford to pay, which can result in wasted time and frustration. They should know approximately how much they can afford ... more... |
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ranch home addition 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 ranch home addition I Want to Buy a Home - Now What? How to Decide on Upgrades to Make Before You Sell Your Home A Critical Guide to Home Loans: Your Options and How They Affect Your Future What to Know About Refinancing - Eliminate Private Mortgage Insurance FHA Home Loan and FHA Home Loans 9 Home Buyer Traps and How to Avoid Them Home Loan and Home Loans The Best Time to Inspect Your Home! Home Equity Loans 125% Home Equity Loans
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