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Mortgage Professor about reduce mortgage payment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more... Do I Need an Adjustable Rate Mortgage to Qualify? August 3, 1998 "I have been told by my loan officer that I can qualify for the loan I need only with an adjustable rate mortgage (ARM). I much prefer a fixed-rate mortgage (FRM). Is there any appeal"? Yes, but you have to shift into active mode and not allow the ... more... |
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reduce mortgage payment related definitions |
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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... 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... |
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More about reduce mortgage payment Sub Prime Mortgage Lenders - 3 Tips On Getting Approved Home Loan Mortgage Loan Refinance - Refinancing For A Shorter Term To Save Money Top 3 Reasons To Consider Refinancing Your House Home Loans For People With Poor Credit - Understanding The Requirements For a Subprime Mortgage Mortgage Protection Easing Your Biggest Concerns Getting a Home Improvement and Debt Consolidation Loan Mortgage Loans For People With Poor Credit Mortgage Payment Amount How is It Calculated? Bad Credit Debt Consolidation when Debt Joins Hands with Bad Credit Three Quick Steps To Getting A Mortgage After Bankruptcy
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