Looking for a Mortgage? Know Your Options.
by Ashlee Hovsepian.Buying a new home is an exciting time in everyone’s life, but it can also be one of the most stressful. Unless you have done it before, it is important to know your options when selecting a mortgage. There are multiple choices when choosing the typ...
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What Type Of Zero Down Mortgage Is Best For You?
by Matthew Allen.Below are 9 different types of zero down mortgage that you can qualify for. Each one has positive and negative aspects. Read and learn about which zero down mortgage will suit you best. 80/20: The 80/20 loan is simply an 80% first mortgage with a 20%...
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Save Money with a Remortgage
by David Miles.Low interest rates, coupled with increased competition in the UK mortgage market over recent years means that there has never been a better time to review your existing mortgage arrangements.To put it simply, there is a good chance you could save mon...
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How to Get 100% Financing
by Nick Graziano.I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad,...
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Homeowners with high interest loans
by Syd Johnson.Home Mortgage refinancing is a great option for homeowners who have a mortgage that is a couple years old, have built up some equity, but find themselves struggling with a high interest debt. The entire home mortgage refinancing process is basically ...
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Shared Equity Mortgage
by Syd Johnson.When you get a shared equity mortgage a private seller or investor will make a down payment on the home and share in the equity. The investor can pull their investment if you return the down payment plus all accrued equity once the property is sold. ...
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What is an Assignment of Mortgage?
by Syd Johnson.Most mortgages are sold at least once during the life of the loan. A mortgage company or your local bank will sell the loan to free up their cash and then lend out more money other home buyers. When the mortgage is sold of it is called an assignment....
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Recent boom in home ownership
by Syd Johnson.Anyone serious about buying a home has seen the recent ads offering low mortgage rates for first time buyers and current homeowners. One reason for this mass of offers is that most financial institutions now understand the economic importance of havi...
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What are "interest only" mortgages?
by Syd Johnson.Mortgages are considered to be “interest only” if your monthly payment does not cover the entire loan payment due, that is the mortgage interest and a payment to decrease the loan principal. Every month you are paying the interest only and this m...
