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mortgage : Insurance

Define Assumable Mortgage

If you are trying to sell your house in an economic climate in which interest rates have risen much higher than your mortgage rate, you might consider offering an assumable mortgage. This mortgage type benefits the seller and buyer, but it has its risks.

Improve Loan Value When You Remortgage

A property remortgage takes place when homeowners decide to pay off their mortgage by obtaining a new home loan with the current property being used as collateral. Although there are a host of different reasons ...

The Problem of Credit Refinancing

Credit refinancing begins with refinancing a home in which there is equity. A new mortgage is taken out, paying off the old loan, and the money that remains is then applied towards any credit debt. In some situations, credit refinancing is a wise decision, but it can be problematic.

Wisconsin Mortgage Refinancing Benefits

If you own your own home, you know that your home is a prized possession and your greatest long term investment, but it is also your biggest debt. You can improve your financial situation and lower yo

Interesting Facts About Cemap Training

The Certificate in Mortgage Advice and Practice (CeMAP) is an aptitude provided by the school known as Institute of Financial Services (IFS). The CeMAP qualification is the condition for anybody that offers mortgage advice.

What Happens If You Become Disabled While on Unemployment?

Unemployment insurance is a federal insurance program that's administered by each state. Eligibility rules vary, but in general you must be unemployed through no fault of your own and physically able to work. If you're no longer physically able to work while you're on unemployment, you should apply

How to Reconcile Mortgage Payments

Since banks are just as capable of errors as individuals, losing track of your mortgage payments can let discrepancies slip by unnoticed. To prevent a costly error, make it a standard practice to reconcile your monthly mortgage payments. Ensure that your payments are properly allotted to the appropr

Can You Do a Quitclaim on a FHA Mortgage?

The Federal Housing Administration insures mortgages through various programs for low- and moderate-income borrowers, those with credit challenges and government or private entities seeking to house people of modest means. FHA programs are generally designed for owner-occupants and borrowers who hav

How to Assume a VA Mortgage

Among the many benefits Veterans Affairs (VA) offers to veterans is guaranteed home loans. As of 2010, the VA will guarantee mortgages up to $417,000, which means that veterans using this benefit won't have to make a down payment to secure any home loan for less than that amount. When a veteran sell

Home Loans Made Simple

All those people looking for the place that help them in changing homes, refinancing, buying an investment property, or Melbourne home loan and are a first home buyer here is a great solution for them

What Is the Purpose of Personal Mortgage Insurance?

When you apply for a mortgage loan to purchase a house, you need a down payment. Down payment amounts can vary widely depending on the type of loan and purchase price. Regardless of the type of loan you get, if you have less than 20 percent of the purchase price of the home to put toward a down paym

FAQs on a HUD Mortgage

HUD mortgages are processed through the Federal Housing Administration.neighborhood homes image by Wendi Evans from Fotolia.comThe Department of Housing and Urban Development (HUD) offers affordable living to Americans by providing, improving and developing American communities. HUD...

Some Fundamentals on Home Equity Line of Credit

A home equity line of credit also called HELOC is a loan in which a borrower gets his loan by pledging his home as collateral. The house asset is usually a borrower's most valuable asset. ...

Reverse Mortgages Give Americans a Fighting Chance

"If we lose freedom here, there is no place to escape to." Ronald Reagan, a young man raised in Illinois, said this in a famous televised speech. Americans are losing their homes due to a ...

How to Obtain IT Contractor Mortgages

Bad mortgage loan request is a typical thing for folks being employed as freelancers or contractors in the IT industry. If you are one of these brilliant IT contractors, thankfully, now you may obtain IT ...

Florida Home Owner Insurance Underwriting Rules

Home insurance providers have exited Florida in droves due to recent hurricanes and increased risk. The impetus for this exit was Hurricane Andrew in 1992. Since that time, large insurance companies including State Farm, Allstate and Chubb no longer write insurance policies for Florida state reside