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Stated Income Loans: Lie to Get a Better Rate?
June 20, 2005 Stated income loans are also called ?liars loans?, because in some cases, the rules virtually invite the borrower to lie. The case below is a great illustration. ?My husband makes $7,000 a month but has a credit score of 503. I make $1250 and have a score ... more...

What Are Mortgage Documentation Requirements?
5 October 2005 What Does Mortgage Documentation Consist Of? A lender?s "documentation requirements" stipulate a) the information about income, assets and employment that must be provided; b) whether and how this information will be used by the lender; and c) ... more...

stated loan related definitions

Regulation Z
Regulation Z, Reg Z A federal regulation requiring creditors to provide full disclosure of the terms of a loan including the terms of the loan and the annual percentage rate (APR). APR is a interest rate reflecting the cost of a mortgage as a yearly rate. This rate ... more...

Commitment
Commitment A promise by a lender to make a loan on specific terms or conditions to a borrower or builder. A promise by an investor to purchase mortgages from a lender with specific terms or conditions. An ... more...

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Get Free stated loan 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...

Two Headlines, Katrina and Rita
Looking over the Internet today 2 Headlines grabbed my attention. One Headline stated that the death toll from Hurricane Katrina. The 2nd Headline talked about Hurricane Rita and how over 1,000 People had already signed up to be evacuated by Buses supplied by Galveston Texas.Here we are less then ... more...

Real Estate Terms From Easements to Good Title
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with easements.1) Easement permission given to (or acquired by) someone who does not own a parcel of real property ... more...

What Card to Chose?
Overwhelmed at the large number and variety of credit cards available today? The following is a summary of the cards out there.Credit Card A Credit Card enables you to purchase anything up to a certain set limit that that particular card holds before you are required to pay for it. This type of ... more...

Negotiating the Real Estate Contract
Negotiation is the process of communication back and forth in order to reach a joint agreement. There is no "one size fits all" strategy of negotiating a real estate contract. Many of our clients have been very experienced negotiators, and we have learned a great deal from them, as well as from ... more...

Quality Internet Mortgage Leads
If you are a loan officer or mortgage broker on the market for internet mortgage leads. Sometimes it may be better to go after quality leads, as opposed to buying your leads in quantity.If you are looking for internet mortgage leads in quantity, or bulk, you will get a heck of a lot of leads for ... more...

Refinance Mortgage Lenders - Should You Use an Online Lender?
Choosing the right refi lender is crucial when refinancing your mortgage. Some homebuyers make a hasty decision and accept the first offered received. Furthermore, some choose to refinance with their current lender without exploring other options. Being a savvy shopper can save your thousands ... more...

Instant Loans Cash- Keeps Finance in Order Till the Next Financial Replenishment
There is a tendency among people to keep their resources in a form that is not easily cash convertible. The arrangement holds good till the individual is faced with an exigency involving cash. This is the time when the individual is led into a tight spot; with little hope from ones own personal ... more...

Bankruptcy Tips And Helpful Alternatives
Before you file bankruptcy, it is a good idea to look into other alternatives if at all possible. New bankruptcy laws make it more difficult to file than it used to be.Why Has Filing For Bankruptcy Doubled?From the period of 1994 to 2004, filing for bankruptcy has doubled. Bankruptcy filing has ... more...

What Is Permanent Life Insurance?
Unlike term life insurance, permanent insurance policies such as universal life, variable universal life and whole life provide long-term financial protection. This type of insurance will cover you for the duration of your life and continued on time premium payments. Permanent policies provide ... more...

Setting Financial Goals - Part 2
In my earlier article Setting Financial Goals Part 1 I identified the 4 simple steps to setting up achievable financial goals. I mentioned that your financial goals should be broken down into smaller more manageable goals and then written down to help you visualize them. This article expands ... more...

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