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FHA Flipping Time Limit

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The U.S. Department of Housing and Urban Development has traditionally frowned upon the practice of flipping houses. HUD associated the practice of reselling a recently acquired home for a considerable profit with predatory lending -- taking advantage of unsuspecting low-income borrowers. An agency

Does a Mortgage Cosigner Have to Also Own the Home?

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You may hear the terms cosigner and co-borrower used interchangeably, but when it comes to a mortgage, the property rights for each aren't the same. Your biggest concern as a cosigner is the financial risk involved with assuming responsibility for another person’s loan. Owning a home isn’

Release equity in home for a secured retired life

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Times are becoming tougher and tougher day by day. There are many people who are fighting to make both ends meet even while being employed and earning on regular basis. Therefore the conditions of the ...

Refinancing Your Home

<!-- @page margin: 0.79in P margin-bottom: 0.08in --> Refinancing Your House <span style="font-size: small"> Refinancing your house can be a great process. In recent years, many people have lined up to refinance their house as ...

How to Qualify to Lower My Mortgage Rate

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A mortgage refinance can possibly lower your mortgage interest rate and ultimately reduce your mortgage payment. However, getting a refinance and lower rate isn't as simple as calling your lender and making a request. A refinance repeats the original home loan process, which means you have to comple

The Average Mortgage Life

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The average mortgage life is the average time it takes to pay back the loan's principal. Although the monthly payment is generally fixed, the principal and interest portions of the payment are not. As the loan balance decreases, more of each payment goes toward the principal. Most principal dollars

What Does an 80/20 ARM Mortgage Loan Mean?

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As the mortgage industry has evolved over time, mortgage companies have developed alternatives to the traditional 30-year fixed-rate product. Lenders have created some products that are geared to the first-time home purchaser who may have difficulty coming up with a down payment. One such product is

The Best Ways to Negotiate Mortgage Modifications

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Negotiating a mortgage modification can prove challenging because lender's do not routinely change the terms of a borrower's loan agreement. However, if foreclosure is imminent, contacting your mortgage lender and asking for assistance can protect your credit rating and reduce your risk of losing th

Regulations Tighten On Interest Only Mortgages

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More than 25% of homeowners are paying for their homes with an interest-only mortgage say the Abbey. The reason is obvious – their monthly payments are much less. For example, a £125,000 interest only mortgage at an interest rate of 5% and repayable in 25 years time, costs £525 per

Reverse Mortgage Basic Information

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What is a Reverse Mortgage? A Reverse Mortgage is a very useful home loan option especially for senior homeowners. If you are qualified for a Reverse Mortgage, you need not to pay any monthly payment. ...

Is an FHA loan program right for you?

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This article discusses how an FHA loan program can be applied for as well as recent changes made to the rules and regulations of FHA loans.

Turning Loan Modification Complaints into Approvals

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Are you facing foreclosure? Is your bank avoiding your calls? If you have been turned down for a loan modification or, experiencing delay after delay by your bank, we suggest you prove that you are ...

Mortgage Approval

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To get a home loan application to be authorized, a loan officer submits the application from the automatic underwriting system. This technique is utilized to individual the sheep from the goats, essentially figuring out which ...

Florida Reverse Mortgage Helps Several Retirees

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Florida reverse mortgage helps the retirees greatly to meet the expenses after their retirements. Contacting the Miami hard money lenders will help you get any kind of personal loan in an easier way. You can easily enjoy your life and maintain a comfortable living after availing this mortgage.

Know All About Conveyancing Process

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If you are buying or selling your home , you may need to use a conveyancing service so as to get the deal accomplished . This is a vital element of the method of getting or selling a property, that ma

How to Refinance a Mortgage With Poor Credit & a Co-Signer

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Whether you want to refinance your mortgage to take advantage of lower rates, or you have another reason, you'll probably find it difficult to do if your credit score isn't high enough. Adding a co-signer may bring your combined income-to-debt ratio to an acceptable level, but it won't raise a score

How To Fix Your Credit

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Can't Qualify for a Mortgage? Here's How to Fix Your Credit If you've been denied for a mortgage loan because of your credit, it's not the end of the world. Millions of Americans have credit ...