Refinancing Home With A Bad Credit Score
Can you refinance your home if you have a bad credit score? Ilyce discusses how to make corrections to credit history, and boost your credit score so you can work with lenders and refinance your home. Ilyce also offers tips on how to improve your credit score and refinance your home within six…
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Jan 28, 2005
Mortgage Broker's Descriptions Turn Off Potential Buyers
Everyone wants a "sunny," "charming," "adorable" home with a "skyline view." But what happens when these fantasy home turn out to be figments of your broker's imagination. It could be they are trying to put a positive spin on things, but if you don't like the way your broker describes potential…
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Jan 26, 2005
Mortgage Broker Demands Fees After Cancelling Loan
A borrower canceled a loan after seeing that fees had mysteriously increased, and now the mortgage broker is insisting on payment for his service. This borrower should write a letter to the mortgage broker informing him that he has violated many of the laws under the Real Estate Settlement…
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Jan 14, 2005
Buyers Should Keep Some Information To Themselves
When buying a home, it's best not to tell your real estate broker how much you are willing to pay for a home, especially if the agent represents the seller as well. That's because sometimes agents let proprietary information slip out and that can compromise your ability to negotiate the best deal…
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Jan 7, 2005
Selling Your Home With Mortgage Prepayment Penalty
When you sell your home you may face a mortgage prepayment penalty if you still have a mortgage loan. In addition you may have to pay taxes on the profit from the sale. To determine the best way to structure a real estate sale when you have a mortgage loan with a prepayment penalty you should…
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Oct 29, 2004
Documentation Required For Mortgage Loan
When you apply for a mortgage loan a lender is going to need to verify that you have a job, what you earn, how much you have saved, what kind of assets you have, and assess what kind of credit risk you're likely to be. If you're going to be shopping around for your mortgage, it's a good idea to make…
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Nov 28, 2003
Stop PMI Payments And Refinance
When you buy a home and lack money for a substantial down payment you have to buy private mortgage insurance, or PMI. Once you have made enough mortgage payments and have at least 22 percent equity in your home, you can stop paying PMI. To determine how to stop paying PMI and whether you should…
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Aug 21, 2003
Real Estate Agents: Home Sellers Do Research Before Selecting One
There are more good real estate agents than bad, but home sellers should do their research before selecting one. Real estate agents should have their clients' interests at heart, so home sellers should beware of bad apples. Home sellers should also beware of real estate agents who may be trying to…
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Jan 3, 2000
Small, Large, Or Franchise
The most common way to find a real estate agent is to to gather referrals from friends, relatives and neighbors, then interview the agent over the telephone and choose the one who seems to best meet your needs. Should the size of a real estate firm also play a role in picking an agent? Size matters…
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Posted on:
May 18, 1998
Borrowers Beware Of Bad Apple Lenders
Every day, unscrupulous lenders ask borrowers to sign blank mortgage applications. They ask borrowers to overstate their income and to enhance their work history. They advertise that they can help when no one else can and then pocket hefty fees from grateful borrowers when the loans close. Consider…
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Posted on:
Mar 23, 1998
The Future Of Mortgage Lending
Quicken Mortgage, an Internet-based application and approval system, allows borrowers to peruse mortgage interest rates from six of the top 25 lenders on a real-time basis. Once borrowers have established loan length and type parameters, and completed a preliminary application, QuickenMortgage…
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Oct 27, 1997
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May 19, 1997
Mortgage Planners Hoping To Cut A New Deal For Borrowers
In the residential housing market, the concept of a buyer's broker has become more mainstream as home buyers realized that they, too, were entitled to have someone on their side to help with the negotiations. Buyer's brokers owe their fiduciary duty and loyalty to the buyer, not the seller, as in…
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Posted on:
Jul 8, 1996