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4 Ways To Better Your Credit Score

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<!-- @page margin: 0.79in P margin-bottom: 0.08in --> <span style="font-size: large">Four Ways To Raise Your Credit Score</span> <!-- @page margin: 0.79in P margin-bottom: 0.08in --> Whether it be for a lender, landlord, or car company, ...

Some Basics of Mortgage Refinancing

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You can purchase your home with mortgage loan. When you want to get the loan, it is a good idea to make use of services of a mortgage broker. He knows ways to get you ...

Your Home Is Where Money Knows No Stop

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Equity release schemes have arrived as saviors for retirees. These funding systems basically allow individuals to release cash of their home.

Considering a Short Sale?

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A short sale is the sale of a home for less than the balance owed to the original lender. Short sales are commonly used by homeowners to avoid foreclosure, but both lender and borrower must ...

What Is a No-Documentation Mortgage?

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A no-documentation mortgage is a type of mortgage loan that requires no supporting documentation from the borrower, such as pay stubs, tax returns or bank statements. The borrower simply fills out the Universal Residential Loan Application and the lender uses the information found on the application

Duties of a Mortgage Broker

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Mortgage brokers act as an intermediary between the lender and the borrower. They sell loans on behalf of the organizations and businesses. The brokers are regulated by local jurisdictions and are typically paid on a commission basis. This article provides an overview about the range of duties a qua

Young, Self Employed, No Accounts And No Savings.How Did I Get A Mortgage?

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I was having considerable problems getting a mortgage to buy my first home about four years ago. If I was to believe everything I had heard, I was the ideal candidate for a mortgage - young, a first-time buyer and with an annual income of about £30k. Easy!No, not easy, actually. Being young wi

How to Get a Conventional Mortgage Loan

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Conventional mortgage loans are mortgages that are not backed by the federal government, like VA or FHA loans. Banks and credit unions will typically issue a conventional loan and assume all the risk should a buyer default. Since the risk is higher, many of these loans have higher down payment requi

Does a Spouse Automatically Become Liable for a Mortgage Loan?

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Generally, speaking any debt incurred by your spouse before marriage is considered separate. However, the rules for financial obligations change after marriage. In case of mortgage debt, depending on the state in which you live, you are automatically held responsible for the mortgage even if you did

Does It Pay to Refinance?

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Deciding on whether to refinance is a matter of personal preference. By examining various factors, including interest rates and the length of time that a person is going to be spending with the current home, refinancing might be a good way to save money. At the same time, without the right condition

Added-Principal Payments & Their Effect on the Mortgage

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Adding extra principal payments help you pay down your conventional mortgage more quickly. Liz Pulliam Weston points out in her September 2010 MSN Money article "Don't rush to pay off that mortgage" that even a $100 extra payment toward principal each month can save you $52,000 and 4.5 years on the

Can You Rent a Refinanced FHA Home?

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The Federal Housing Administration's mortgage insurance programs offer competitive interest rates, even for borrowers with modest incomes or credit challenges. FHA loans may be acquired for home purchases or refinances. The FHA is an agency within the Department of Housing and Urban Development, and

How to Make an Extra Mortgage Payment Per Year

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Many mortgage lenders offer more frequent mortgage payment options. Choosing one of these options allows you to add extra mortgage payments during the year. That can shorten the payoff term on the loan or leave you with less to pay if a balloon payment is due. By creating a savings plan, you can ens

I Am Having Trouble Paying My Mortgage

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Many people struggle to pay their mortgages. Uncertain economic times, sudden illness or the loss of a job can cause difficulties in making monthly payments or make you miss payments. As of 2010, federal programs started by the Obama administration, as well as programs offered by mortgage profession

What Do FHA Appraisers Look For?

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While most appraisals may focus on determining the value of a home, an FHA appraisal also reviews the condition of the home in order to determine whether the property meets the guidelines established for the approval of FHA insured loans.