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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...

What Is Predatory Lending?
November 8, 1999 "What is 'predatory lending'"? Predatory lendinghas been much in the news lately, and legislation has been introduced in a number of states to regulate it away. Most of this proposed legislation is ill-advised -- a knee-jerk response to horror stories. ... more...

home lender equity loans credit report insurance loan related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

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5 Ways to Use Your Home Equity Line of Credit
Your home is a source of pride and accomplishment. Did you know that your home can also be an affordable source of income? As your home appreciates and you make your monthly mortgage payments you build whats called equity. You can access this equity at attractive interest rates using a home equity ... more...

Instant Loans Prompt Response to Unforeseen Financial Fiasco
Loan market is flooded with loan types that cater to specific needs of loan borrowers car loans, education loans, mortgage, home loan etc. But what if a requirement of 250 springs up and you dont have the needful cash and neither can postpone the payment. For this specific cash constraint, there ... more...

What's in My Credit Report?
Your credit report contains a list of every member creditor who has lent you money or provided you with credit in any way. It shows your charge accounts, automobile loans, bank and student loans, home mortgage, and any other credit-related transaction. It shows when the credit line was opened, the ... more...

What Does Buildings Insurance Cover?
You will find that your lender will insist that you have this cover when you take out a mortgage. The lender, remember, owns your home until you have paid off the mortgage. However, because they dont live in it, you are responsible for it, thus you need to insure the building. Should the property ... more...

Enlisting the Support of Home Improvement Loans to Create a New Look for Your Home
The desire to have a penthouse like the ones you pass by everyday grows stronger as you watch your own house. The drab looking interiors and the walls that need immediate repairs often produce a distaste for the home itself. However, the deficient finances ensure that you have to stay in the same ... more...

Poor Credit Home Equity Loan - 3 Things To Watch Out For
Poor credit doesnt mean you have to lose money on high rates or fees. By being informed about what are reasonable terms, you can sift through the scams and unscrupulous companies. By watching out for the following three items, you can be sure to find an affordable home equity loan, even with a bad ... more...

Pre-Approval Letter How To Use It To Get Your Dream Home
When house hunting, many buyers make the mistake of waiting to contact a lender until after they have located their dream home. As a buyer, you will be in a much stronger position with a seller if you are pre-approved.Pre-Approval LetterTo effectively house hunt, you must know the amount you can ... more...

Try Unsecured Loans! If The Word 'Secured' Doesnt Fit Your Financial Statement
Big financial goals, no security to supply - it is the perfect circumstances to opt for unsecured loans. Online lending ways have made unsecured loans both accessible and full of innovative options. Unsecured loans have created a niche for themselves in the loan industry and providing good relief ... more...

Home Loans Identity Theft Protection Could Hurt Home Sales
Identity theft has been a hot topic in the news during the last few years. Just a month or so ago, forty million credit card numbers were compromised due to a computer attack on a credit card processor. Consumers are rightly concerned, as it can take years to unravel the problems created when ... more...

Home Equity Line of Credit Great for Remodeling Projects
Many homeowners are lucky enough to find a house that represents exactly what they want in a home. They buy it, make the payments on it, and live more or less happily ever after. Others are not so fortunate. Some buyers who live in a pricey market may have to settle for less house than they need ... more...

Home Equity Line of Credit - Finding The Best Home Equity Lender
Borrowing against the value of your home using a revolving credit account is known as a home equity line of credit. Lenders offer home equity lines of credit in several ways with either fixed or variable interest rates. Information on obtaining a home equity line of credit is available to you ... more...

Secured Loans vs. Unsecured Loans Choosing Between the Two Diverse Ends
Often in our search for finance options, we are led into a crossroad where we have to make a choice between secured and unsecured loans. Both are equally alluring and put the borrower in a difficult spot. It is difficult to make up the mind regarding one particular finance option because each has ... more...

When Not To Agree To A Home Equity Loan
Before you borrow money on your home's equity, think twice so you don't end up paying more than you expected.According to the Federal Trade Commission, homeowners-particularly elderly, minority and those with low incomes or poor credit should be careful when borrowing money based on their home ... more...

Home Equity Loan Beware of the lingering lien!
A problem that often arises when people try to refinance their home is the discovery of a pre-existing lien from a previous loan that was not removed by the lending company. The cost of removing a lien and returning the title to the homeowner, a process known as reconveyance, is usually included ... more...

Risk It With A Bridging Loan?
How many times have you been casually going about your business, seen a great property and thought, "that would be a really nice place to live"? Then you snap out of it, knowing you can't lay your hands on the money fast enough. Well what if you really wanted this property? You discussed it ... more...


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