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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Do You Need to Have Mortgage Insurance?
by Martin Lukac |
You will have to have mortgage insurance if you fail to come up with a down payment that is at least 20 percent of the sale price of the home you wish to buy. This insurance can be called by several different names such as private mortgage insuran .. |
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Mortgage Points
by Martin Lukac |
If you have ever gone looking for quotes on a mortgage in order to find out just what a mortgage might cost you, you have probably had the term points thrown at you. So what are points? Each point is a fee and it is based on one percent of t .. |
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How do Lenders Set the Rates on Mortgages?
by Martin Lukac |
The simple answer to that is that lenders do not set the rates at all. All lenders do is approve and reject those who apply for the mortgage in the first place. The rates that mortgages go with are determined bit by the bank or financial instituti .. |
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The Paperwork That You Cannot Do Without when Getting a Mortgage
by Martin Lukac |
There is much paperwork that a lender will want to get from you. They need to see for a fact how much money that you make each year and how you make this money as well as what your other assets and debts are. They will want to see records of prett .. |
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Special Circumstances with your Mortgage
by Martin Lukac |
There is such a thing as special circumstances and these occur when your application is a little iffy. In these cases your mortgage application will be rejected or else the lender will ask you for some more information and documentation in order t .. |
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Get Rid of Your Unneeded Mortgage Insurance
by Martin Lukac |
Mortgage insurance is needed usually when a person cannot come up with at least 20 percent of the sale price of the home as a down payment. This is a huge amount of money, more than many people have on hand so most of us end up with this mortgage .. |
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Prepayment of Your Mortgage
by Martin Lukac |
There is one sure fire way to save money on your mortgage over the years and build equity much faster than usual and this is to prepay. When you make use of your prepayment option you will be able to pay off your loan years ahead of schedule. .. |
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