Bad Credit Mortgage Loans - Are You Killing Your Chances Of Getting Approved?
by Carrie Reeder |
When you have poor credit, your list of lenders that will approve you for a home loan can shrink down very small. You want to make sure that you are doing everything in your power to keep your credit rating as high as you can.
Many peop .. |
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100% Mortgage Financing - Quick Tips About How This Works To Your Advantage
by Ben Afzal |
Getting 100% financing for real estate is much more common now than even ten years ago. Lenders no longer look for clients to put down 5%, 10%, or more of the property's value as a down payment. 100% financing can be used to cover closing co .. |
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Quick Tips About Annual Percentage Rates (APR)
by Ben Afzal |
The annual percentage rate is intended to allow a customer to compare the interest rates of different mortgage loans. For example, two lenders may offer:
-$200,000 loan
-6% interest
-the payment for each loan will be the same .. |
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Quick Tips About Negative Amortization and Mortgages
by Ben Afzal |
Negative Amortization Explained Negative amortization is a scary sounding term that represents a simple concept. When you pay less than the interest payment on a mortgage, then any shortfall is added to your mortgage. For example:
-an .. |
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Quick Tips About Mortgage Application Fees
by Ben Afzal |
Mortgage Application Fees Explained Most lenders and mortgage brokers will take your mortgage application free of charge and present you with your loan options. Since it typically takes some time to do this analysis and present you with the .. |
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How To Negotiate Your Mortgage Fees
by Ben Afzal |
Mortgage Negotiation Explained Doing a mortgage negotiation properly can save you thousands or even tens of thousands of dollars. First of all, mortgage fees are negotiable. Just because you receive an official looking stack of documen .. |
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Debt And Income Ratios As Mortgage Factors
by Ben Afzal |
Debt and Income Ratios Explained Lenders basically measure you at a basic level with two factors: -your income -your debt load Your income can be analyzed by looking at your past two years' income. This is so the lender can .. |
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Good Faith Estimate Tricks
by Ben Afzal |
A good faith estimate is a written estimate you are supposed to receive within 3 days of making a mortgage application. The good faith estimate breaks down individual costs involved in a refinancing or purchase mortgage. There are many line .. |
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