Subprime mortgages
by Syd Johnson.Subprime mortgage are home mortgage loans to consumer with poor credit histories. This category includes customers with late payments, foreclosures, bankruptcies and more on their credit applications. It also includes some first time buyers and peopl...
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Beware of Balloon Mortgages
by Syd Johnson.This is a mortgage where the one payment, usually the last one is bigger than any other payments. Balloon Mortgages are usually set up like a regular 30 year mortgage except that at some date in the future, a large balloon payment will be due. The ba...
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Mortgage: for those twilight years
by Maryann.Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to help out the widow of his high school football coach. Today that small act has developed into a popular financing option for...
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Mortgage Soup
by J.stewart.Fixed Rate Mortgage - If you’re going to be staying in your home for at least 7 years, consider a fixed rate. This loan’s interest rate is fixed for the life of the loan or term – 15, 20 or 30 years. Usually the shorter the term, the lower the ...
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Easy ways to get Loans, Leases and Mortgages
by Reliefloans.com.Don't admit you're desperate, even if you are! Look like you couldn't care less whether they'll lend you the money, like you haven't got a care in the world. Dress really well, in your most impressive clothes, when you go to the bank. Allow plenty of...
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Pay Off Your Mortgage Quick
by Rob Sallay.But have you become financially complacent, failing to consider ways to decrease your payments or overall debt?Here are 5 secrets to paying off your mortgage in the shortest possible time.1. Get a Mortgage “Tune-Up”You take your car to your mecha...
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Mortgage After Bankruptcy
by Bkhome.First, continue timely paying on items such as your home and cars that were not discharged in the bankruptcy. Having at least a couple credit items you are paying on- time will help. Second, limit the amount of other debts such as credit cards or ban...
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Homeowners’ insurance: The mortgage connection
by Smith.It is not mandatory, like in the case of automobile insurance to have a homeowners’ insurance. But when one mortgages, the deed of trust or mortgage requires the collateral to be insured. This is because in the event of a default, the lender must n...
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Mortgage Terms Explained
by Chris Cooper.15 vs 30 YearsYour mortgage term can be just about anything you choose. 15 and 30 year terms are popular these days, although 10 and 20 years also are available.The shorter the term, the lower the interest rate. But the main attraction of shorter ter...
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Getting a home mortgage is quite simple
by Tony Forster.Contrary to popular belief, getting a home mortgage is quite simple. All you need in order to make the right decision is to who where to look, what to look for, and what takes place when you apply for a home mortgage. Knowing what to expect, especial...
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