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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

Cash-out Mortgage Refinance or Home Equity Loan?
Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house.  Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more...

home insurance related definitions

RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more...

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

More about home insurance

Don't Let Your Personal Loan Become a Personal Moan
Most of us have been in a position at some point when we simply have had insufficient funds to pay for something. This could be car insurance/repairs, course fees, holiday, Christmas presents, electrical items or even the weekly shopping. According to Credit Action, 2.4 million personal loan ... more...

Simple Tips On Getting Your Loan
So, you want to get a loan?Here are some simple tips that will help you make an informed decision about what kind to get, and who to get it from.First ask yourself: do you really need it?Can you manage without it? Is it for something frivolous, like a holiday? Could you get the money by other means ... more...

Benefits of a Personal Secured Loan
A Personal secured loan can offer many benefits, some of which are listed below:Personal secured loans are loans that are offered to individuals rather than businesses.Rates for a personal secured loan will be way lower than for other loan products so it makes good financial sense for many of us ... more...

What is a Car Loan?
A car loan is a type of credit offered by a bank or other financial lender for the specific purpose of buying a vehicle. Car loans allow you to finance buying a new or used car.There are a range of car loans available from banks, building societies or financial institutions; you can also take out a ... more...

How to Find a Cheap Loan Online
If you feel lost while looking for a cheap loan online, take heart it's easier than you might think.Unlike traditional lenders such as banks and finance companies, online lenders operate in such a way as to allow them to offer lower interest rates and can thus make it much more likely to find a ... more...

Why Choose an Unsecured Loan?
Why choose an unsecured loan? An unsecured loan can be used for almost anything - a relaxing holiday, a new car, a wedding, debt consolidation or home improvements. These are just some of the reasons why people choose an unsecured loan.If you want to raise money for most purposes but do not want to ... more...

Home Owner Loan - 5 Tips To Get Yourself Ready For A Home Loan Application
So you need to get a home loan to finance that new house? There are some things you must know to prepare yourself adequately for a favorable application.1) Know your state of finance. Tabulating the numbers is the key to avoid future disappointment. Is the price of the new house within the range ... more...

What is an Unsecured Loan?
An unsecured loan is a personal loan where the lender has no claim on a homeowner's property should they fail to repay. Instead, the lender is relying solely on the ability of a borrower to meet their loan borrowing repayments.The amount you are able to borrow can start from as little as 500 and go ... more...

Reasons To Get A Home Equity Loan
Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in the first place.The most common reason people obtain the loan is for debt consolidation however other uses include home improvements, educational expenses, unexpected ... more...

Consolidation Loans for Homeowners: When Multiple Credits Become a Burden
Every person dreams of finding a space of they own. Usually it is called a home. It is one of the priciest choices you have ever made. One way to discover the meaningfulness of this investment is take consolidation loans for homeowners.There is considerable equity in ones home. If you have many ... more...


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