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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Mortgage Loans: Fannie Mae and Freddie Mac
by Louie Latour |
If you are shopping for a mortgage loan you will run across the names Fannie Mae and Freddie Mac at some point. While these organizations are not mortgage lenders themselves, they directly influence the mortgage you get. Here are the basics of t .. |
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Mortgage Shopping Guide
by Ben Afzal |
Shopping for a mortgage is not quite as easy or fun as shopping at a farmer’s market or the mall. There are lots of terms, lots of players in a real estate transaction, and new loans are being created all the time. Here are a few tips: .. |
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Mortgage Sources
by Ben Afzal |
Mortgages are available from many different sources: large national banks
specialty lenders
online lenders
mortgage brokers Each of these options has its advantages and disadvantages. Most mortgages used to be d .. |
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Online Mortgages
by Ben Afzal |
Online mortgages are a relatively new option. There are a wide range of resources available online to research your loan options, use free online loan calculations, pose questions, and apply online. You can apply online at different loan sou .. |
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Real Estate and Mortgage Commissions
by Ben Afzal |
There are three types of possible commissions during a real estate transaction: The seller’s real estate agent commission
The buyer’s real estate agent commission
The mortgage broker or lenders commission All of these can c .. |
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Closing Costs
by Ben Afzal |
Closing costs are the final charges you pay when you get a new mortgage, whether it is a refinance or a purchase loan. They are not necessarily out of pocket. All or some of the charges can be included in the loan. A real estate purchase is .. |
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Credit Issues and Mortgages
by Ben Afzal |
Your credit is a big factor in determining if you get approved for a mortgage, and what interest rate you get. The worse your credit, the higher your interest rate will be in general. Being late on a mortgage in the past is something lenders .. |
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