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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9 Big Refinance Mistakes
by Ben Afzal |
Refinance mistakes can cost you thousands, even tens of thousands of dollars. Here are some quick tips to help you out: 1. Wrong time frame Don’t do a refinance under time pressure. Always be sure you can walk away from a refin .. |
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Loan Amortization
by Ben Afzal |
Amortization is the repayment of a loan. It is usually used in conjunction with a time frame. For example, a 30 year loan term amortizes over a 30 year time frame. The longer the term is for a loan the slower it amortizes. This slower amorti .. |
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40 Year Mortgage Terms
by Ben Afzal |
The recent decline in interest rates conditioned many borrowers to expect lower payments. People were able to increase the size of their mortgages by cashing out equity from their properties, but because of lower rates their payments would n .. |
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80/20 Mortgages Explained
by Ben Afzal |
Lenders who offer 100% financing typically offer them as a loan broken down into two pieces – a first loan for the first 80%, and a second loan to cover the final 20%. The reason the loan is broken up is that the borrower does not have to pa .. |
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100% Financing
by Ben Afzal |
Ever wonder what all the offers for 100% financing meant? Many lenders offer 100% financing. This has enabled more people to purchase housing, without having to save or invest in a down payment of 5%, 10%, or 20%. These types of loans .. |
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Builder Incentives – Valuable or a Ripoff?
by Ben Afzal |
Many new housing builders have their own lending arms now. Not only will they build your house, but they offer you the convenience of getting your loan through them. The Advantages This lowers the number of players trying to get your h .. |
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Cleaner Credit and Mortgages
by Ben Afzal |
Lenders take a critical look at your credit when you apply for a mortgage. For most people this is the biggest financial transaction of their life, and lenders know they need to make sure they commit their funds to reasonable credit risks. H .. |
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