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Mortgage Prepayment Penalties
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more...

Penalties For Early Payment
October 12, 2001, Revised November 17, 2004 What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you pay off the loan entirely, you will pay a penalty. Penalties are usually expressed as a ... more...

owning home related definitions

Second Home, Vacation Home
Second Home Second 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. Second Home As Investment However, when market is ... 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 owning home

How To Pay Off Your Home Loan 10 Years Sooner Without Spending One Penny In Extra Payments
Hello, Big Nick at the shop here.You will laugh at the simplicity of this plan, and, at the same time, think what a great idea it is. It was a real light-bulb-going-off-in-my-head type of feeling for me.So here it is: "Replace Your Checking Account with A Home Equity Line Of Credit and You Will ... more...

Business Ownership, Cash in Your Pocket - Today!
Yesterday we learned that 74% of all wealth is created by people who own their own business. Below are a few facts about owning your own business, specifically a home-based business that you may not be aware of.Fact: The fastest growing segment is home-based businesses.Fact: A new home-based ... more...

Renters Have Much to Gain by Pursuing Home Ownership
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense ... more...

A Guide to Buying a New Home
If you've decided to make the leap from renting a home to owning a home, you might be a little overwhelmed at the prospect of shopping for homes and applying for mortgage loans.While mortgage loans can seem a bit confusing at first, you'll find that they aren't nearly as bad as they might seem once ... more...

The Ins And Outs Of Bad Credit Home Loans
Owning a home is part of the American dream. Its also the biggest purchase that most of us will ever make, and because of that, almost everyone will be borrowing money to do it. Unfortunately, for many people that means a bad credit home loan, and that might be hard to get.Its simple. Imagine going ... more...

Home Equity Loans Beware of Appraisal Fraud
A new report by the independent Demos group has revealed what may not be a surprise to many people corruption is rampant in the home appraisal industry. The bust in the dot-com market of some five years ago has left would-be lenders with a surplus of cash to lend. This has led to a huge boom in ... more...

Mortgage Life Insurance
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected ... more...

How to Buy a Home When Your in Your Twenties
A Singles Game of Real Estate (Getting started in your twenties)Due to the fact that most of us grow up in either a rented apartment or our parents single family home, it stands to reason that most people, when beginning to ask themselves the question of purchasing their own dwelling, will come to ... more...

Buying Country Acreage and Rural Properties, To Buy or Not To Buy
Almost anyone can become a rural property owner; if you are willing to set goals, establish what your purposes are, plan ahead and set targets that are all aligned toward the same result. And, if you can be patient instead of requiring instant gratification.There is no more $50-an-acre land; unless ... more...

Home Business Success In 21 Steps
Over one hundred million home-based businesses will be in operation by 2006, according to Link Resource's National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses.In New Orleans, Rick Hart's home based cajun Cargo ships ... more...


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