What is split mortgage - Condo-Hotels A New Second-Home Alternative to Time Shares



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On Buying a House With a Domestic Partner
June 10, 2002, Revised March 1, 2004 "I am involved in a domestic partner relationship and we are considering purchasing a home together. Her parents are giving us the down payment. What things do we need to know when speaking to a lawyer about the arrangement ... more...

When Co-Borrowers Split
July 19, 2000 "I am going through a divorce, and have agreed to stay on the mortgage for 3 years. At the end of that time, my ex-wife can refinance the house in her name. How much will this impact my buying a new home during the 3 years?" The loan will show ... more...

split mortgage 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...

More about split mortgage

Get Free split mortgage 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...

Condo-Hotels A New Second-Home Alternative to Time Shares
Condo-hotels have evolved as a better, more reliable second home alternative to time-shares. They are usually attractive, high-rise hotels on the ocean or in other prime locations, and range in price from the mid $200,000s to over 1 million, depending on the size, location, and amenities.Many of ... more...

13 Extra Costs to be Aware of Before Buying a Home
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial ... more...

Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH?
Many who have bought and sold properties through Realtors numerous times; even many real estate agents themselves, don't know where the commission money goes. After all, when a property sells for hundreds of thousands of dollars and the commission is tens of thousands of dollars, it seems like ... more...

A New Mortgage Elimination Scam
It's every homeowner's fantasy: to own their home free and clear. There are lots of legitimate ways to pay off your mortgage loan faster, but here's the latest scam for folks hoping to eliminate their entire 30-year mortgage--in less than a year.Here's how it works. A "mortgage elimination" company ... more...

Why You Should Choose Debt Consolidation
If debt is currently an issue in your life, debt consolidation really can save you from the stress of bills, debt collectors, and the nagging thoughts of foreclosure or even bankruptcy. Debt consolidation can drastically change your life within weeks, months, or years depending on your current ... more...

Simple Strategies to Making Financial Gain
Now is a great time to make it a habit to manage your resources instead of your resources managing you. What is meant by that when we are stating that "Your money manages you"? Here is a well known example:"There is more month than there is money so that new purchase, trip, or splurging will need ... more...

Save Money on Your Mortgage
You should say goodbye to PMI. You may not notice it in the crush of your monthly mortgage statement, but many Americans pay for a line item called PMI. PMI stands for "personal mortgage insurance," and lenders impose it on customers who have less than twenty percent equity in their homes.If you ... more...

College Tuition Costs are Spiralling
So, our children want to fly away from the nest and further their academic life in college. But with escalating costs, can we afford it? Will they have to take part time jobs to stay afloat or can we supplement their financial needs with college loans?These are just some of the questions that ... more...

Should You Accept A Full Purchase Offer For Your Note or Not?
You could be facing a dilemma when considering payout options on selling your mortgage note!To accept a full purchase offer or a partial purchase offer is not always an easy decision.Sure, to take the full purchase option is an easy decision to make if you're holding a second position note on a ... more...

Home Buyer 10 Extra Costs Above the Sales Price
1)Mortgage Application, Brokers Fees, and Points These costs can amount to thousands of dollars some like the application fee are poc (paid outside of closing) $200 to $500 depending on the lender. Broker fees a percentage of the loan are sometimes waived or rolled into the mortgage. Points .5% to ... more...

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