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The Mortgage Checklist
Category: Real Estate/Mortgages
... to include in the calculation. This may include checking and savings accounts, credit unions, mutual fund and IRA or 401(k) accounts, and security accounts (including stocks, bonds, and life insurance). ...Wednesday, 26 December 2007 -
Should you Refinance your Adjustable-Rate Mortgage?
Category: Real Estate/Mortgages
... a good credit rating, a steady income, and a certain amount of equity in your home. Bear in mind that taking out a new mortgage will mean another round of closing costs, and you may also have to pay ...Wednesday, 26 December 2007 -
How Much Can You Afford to Borrow?
Category: Real Estate/Mortgages
... here. Calculating Your Monthly Debt ServiceTo calculate your monthly debt service, include credit card debt, loans, personal debts, and any other ongoing financial obligations. You don't need ...Wednesday, 26 December 2007 -
When to Fire Your Mortgage Lender
Category: Real Estate/Mortgages
... also receive an annual percentage rate. This is the cost of your credit in relation to the amount borrowed, and provides you with a means of comparing offers from different lenders. The annual percentage ...Wednesday, 26 December 2007 -
The Truth About Private Mortgage Insurance
Category: Real Estate/Mortgages
... insurance once you have 20% equity in the house. This means that you must reach a point where you have paid 20% of the principal of the loan. In some high-risk situations, such as bad credit loans ...Wednesday, 26 December 2007 -
TV star reveals home-flipping secrets
Category: Real Estate/Home Improvement
... started with little or no cash, she recommends making at least a 20 percent cash down payment and then arranging a home equity credit line to pay for the renovations. She also explains the various ...Wednesday, 26 December 2007 -
Cut Your Closing Costs
Category: Real Estate/Buyer
... time of application. Credit report fee - the buyer's credit history is reviewed as part of the application process. Appraisal fee for the property. Pre-paid interest - the interest on the loan ...Wednesday, 26 December 2007 -
Overcharges Run Rampant in Home Loans
Category: Real Estate/Mortgages
... credited to borrowers, who would have to agree to sign them over to the broker. Whatever rule is adopted should apply to any transaction on which the loan provider receives YSPs from a wholesale ...Wednesday, 26 December 2007 -
All About Escrow Accounts
Category: Real Estate/Mortgages
... to the buyer and the seller. This is a written account which details the charges and credits made to the account, including the agent's own fees. Note that this document should be kept for your own ...Wednesday, 26 December 2007 -
Deciding on a Mortgage Lender
Category: Real Estate/Mortgages
... options carefully before choosing which type to go for. Banks and Credit UnionsBanks and credit unions use money deposited with them to make loans and mortgages. If dealing with a local institution ...Wednesday, 26 December 2007 -
Mortgage Glossary
Category: FAQs/General
... closing fees, points, etc. Your APR represents the total cost of credit on a yearly basis after all charges are taken into consideration. It will usually be slightly higher than your Actual Rate ...Wednesday, 26 December 2007 -
Tighter Lending Rules Could Backfire
Category: Real Estate/Mortgages
... underwriting systems have evolved, however, maximum ratios have proliferated. They now vary from one loan program to another, and with other factors that affect risk, such as credit score, down payment, ...Wednesday, 26 December 2007 -
Four Reasons for Getting a Home Equity Loan
Category: Real Estate/Mortgages
... there for more than two weeks per year, and don't rent it out for more than two weeks per year. The Bad Reasons Debt ConsolidationDebt consolidation sounds like a great way of solving credit card ...Wednesday, 26 December 2007 -
How to Find the Best Loan for You
Category: Real Estate/Mortgages
... of loans, they may have higher loan-to-value ratios. An FHA loan is best for someone who doesn't have perfect credit and individuals who need low down payments and low closing costs. VA-Guaranteed ...Wednesday, 26 December 2007 -
When you can and can't claim homeowner tax breaks
Category: Real Estate/Mortgages
DEAR BOB: My husband and I recently purchased our first home. Although we both earn good money, our credit isn't so good. On the advice of our mortgage consultant, we obtained an interest-only 100 ...Wednesday, 26 December 2007 -
How to Finance a Remodel
Category: Real Estate/Mortgages
... 15-20% for "surprises." How much you can borrow depends on your credit rating, income, and the loan-to-value ratio of your remodeling plans. The LTV ratio is a percentage of the appraisal value of ...Wednesday, 26 December 2007 -
Mortgage Mistakes to Avoid
Category: Real Estate/Mortgages
... purchase, it makes sense to shop around. Many lenders often push the loans for individuals with lower credit as there is often more of a payout for them. If you don't know what the common interest rates ...Sunday, 23 December 2007 -
Best Way to Buy Home That Needs Repairs
Category: Real Estate/Buyer
Recently buyers who were in contract to purchase a home in Oakland, Calif., asked the seller to credit them money in escrow. The money was to be applied toward repairs that were recommended in the course ...Saturday, 22 December 2007 -
How to Find a Good Investment Property
Category: Real Estate/Buyer
... how good the property looks on the surface. Property inspection is the best way of ensuring you end up with a profitable deal. Why Good Credit is Important When it comes to financing the purchase of ...Saturday, 22 December 2007 -
Moving out may bring faster home sale
Category: Real Estate/Seller
... or deed of trust to secure their promissory note. Then you can deduct the interest you pay each year to them. For more details, please consult your tax adviser. SHOULD HOME SELLER CREDIT BUYER ...Friday, 21 December 2007 -
Shopping for the Best Mortgage
Category: Real Estate/Mortgages
... get the best possible rates, aim to contact a dozen lenders or more. Keep all your inquiries to within a 14-day period to prevent your credit score (also known as a FICO score) from being negatively impacted ...Friday, 21 December 2007 -
Don't buy a house with these problems
Category: Real Estate/Buyer
... will use the inspector's report to (a) get the seller to pay for repairs; (b) reopen negotiations with the home seller to get a repair credit, or (c) go ahead with the purchase anyway, knowing of the defect, ...Thursday, 20 December 2007 -
Fair Housing
Category: FAQs/Terms of Service & Privacy Policy
... with disabilities in commercial facilities and places of public accommodation. Equal Credit Opportunity Act The Equal Credit Opportunity Act makes it unlawful to discriminate against anyone on a credit ...Thursday, 20 December 2007