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Recently Published:
Landlord Services
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Mortgages
FHA Has New Rules
If you didnt have a 20% down then the FHA was likely on your short
list of lenders. FHA as well as Freddie Mac and Fannie Mae had an
unspoken political mandate to make home ownership affordable to those
with less than perfect credit or resources. For the first time in 75 years FHA will tighten up its lending structure...Read More
Landlord Services
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Mortgages
Reverse Mortages Can Help You Buy A New Home
Congress passed new rules to help seniors who have been severely hurt by the economy. Pension plans and lower home values have caused many to have difficulty moving into assisted living or closer to family. The new reverse mortgage
purchase mortgage brings help now.
Landlord Services
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Mortgages
Congress Creates a New Liquid Market
You
can purchase a principal residence without a mortgage payment using a
Federally Insured Purchase Reverse Mortgage. For those individuals with
cash who want to move closer to family or buy into a senior housing
community, its an option. For Realtors, its a market.
Landlord Services
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Mortgages
Mortgage Bankers Weekly Update : Mortgage Applications Decrease
Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey. The survey keeps a pulse on the housing markets, the cost and availability of real estate loans and offers economic forecasts. read more...
Landlord Services
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Mortgages
Loan Modification: A Primer
A
Loan Modification is a permanent change in one or more of the terms of
a mortgagor's loan, allows the loan to be reinstated, and results in a
payment the mortgagor can afford. How they work....
Landlord Services
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Mortgages
FHA Losses: What it Means
Its capital reserves have fallen below the threshold mandated by
Congress. The FHA has no recourse but to find ways to reduce their
portfolio risk. Generally, when an investment portfolio needs to lower
its risk profile, it means that requirements will tighten..read more
Landlord Services
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Mortgages
FHA and Fannie Mae Propose Rule Change
Because
of ongoing weakness in the real estate sector, the institutions that
have filled the vacuum left by lenders, have run into trouble... they
need to change the rules. read more..
Landlord Services
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Mortgages
Fannie and Freddie Mae Get a Blank Check For Christmas
The Obama Administration changed the rules on Christmas Eve, and gave Fannie Mae and Freddie Mac a blank check through 2012. It indicates more bad news than many had thought..read more....
Landlord Services
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Mortgages
FHA Financing Now Available For REO Properties
Buyers of REO property will now have access to FHA mortgage insurance. HUD will allow FHA financing for buyers of REO property. This is a
temporary waiver of policy, good for one year...read more
Landlord Services
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Mortgages
Freddie Mac Weekly Mortgage Update: Mortgage Rates Stable and Low
Freddie Mac today released the results of its
Primary Mortgage Market Survey in which the 30-year fixed-rate
mortgage averaged 5.01 percent with an average 0.7 point for the week ending
February 4, 2010, up from last week when it averaged 4.98 percent. Last
year at this time, the 30-year FRM averaged 5.25 percent.
Read more...
Landlord Services
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Mortgages
Mortgage Glossary
Legalese getting you down?....Here is a large glossary of mortgage
terms to help you sort it out.
Landlord Services
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Mortgages
Shopping for the Best Mortgage
Shopping around for a home loan or mortgage will help you to get the
best deal. A mortgage is a product, just like a car, so
the price and terms are negotiable. Learn how to get the best deal you can.
Landlord Services
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Mortgages
Mortgage Shoppers' Rights
This may be the largest and most important loan you get during your
lifetime. You should be aware of your rights before you enter into
any loan agreement. You have the RIGHT to shop for the best loan for you and compare the rates and fees of different mortgage brokers.
Landlord Services
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Mortgages
Home Equity Credit Line
A home
equity credit line of credit is a common way to use the equity in your
home. But there are other options too. Read this article and the one below to
understand second mortgages and
lines of credit as well and decide which is best for you. Check our rate quotes and comparison shop it for savings.
Landlord Services
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Mortgages
Lines Of Credit Vs. Traditional Second Mortgage Loans
Lines of credit vs. traditional second mortgage loans. Whats the
difference? Here is a good discussion
of how to compare and make the right choice for you.
Landlord Services
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Mortgages
Mortgage Lock-Ins - What are they
Mortgage Lock-Ins - What are they? If you use them they can hold a lower rate but you must know what lenders
expect of you. Read here to give yourself an edge...
Landlord Services
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Mortgages
Mortgage Fees - What are they?
Closing costs, settlement fees, application fees
and more. Know the difference between legitimate fees and so
called "junk fees".
Landlord Services
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Mortgages
Reverse Mortgages: Get the Facts
In a conventional mortgage, you make monthly payments to the lender. But in a
“reverse” mortgage, you receive money from the lender and generally
don’t have to pay it back for as long as you live in your home. Good tips on getting a the right deal.
Landlord Services
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Mortgages
EEM
Energy Efficient
Mortgages and Energy Improvement Mortgage. Did You know that you can
finance new appliances or solar programs and more with your mortgage or
refi? Also, tips on where to find money for all your energy
saving upgrades!
Landlord Services
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Mortgages
Reverse Mortgages
Reverse
Mortgages are a good way to pull equity out of your house in the later
years. But be careful, there are things you need to know. A good
discussion on how it works and the consequences of using this tool. Its
a must read if you are considering a reverse mortgage
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