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Are Mortgage Balloon Loans Safe if the Bubble Bursts?
May 5, 2003 "What happens if the housing bubble bursts? Will I lose my house if I owe more on it than it is worth? If I take out an ARM or balloon loan, will I be able to refinance them when they come due?" If you continue to pay your mortgage on time, you don?t ... more...

Tutorial on Selecting Mortgage Features
Planning to shop for a mortgage on-line? You need to answer the following questions first, so you know exactly what you are shopping for.      1. What Type of Mortgage Should I Select? 2. Which Mortgage Options Should I Select? 3. How Long a Term Should I Take? 4. ... more...

purchase credit cards home loan sell your mortgage 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...

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

More about purchase credit cards home loan sell your mortgage

Chose a Credit Card Wisely
When choosing make sure its one that suites your lifestyle and that it works with you not against you. Always try to pay off monthly if you can and this will help your finances and cash flow. If you look at credit in reverse and say well I could save say $50.00 a week then this will give you a good ... more...

Remodel Your Home - Take A Home Improvement Loan
Home, a place where you live together with your close and loved ones, may mean the whole world to you. You always wanted to make your home a better place to live, giving all comforts to your family. You can do this just by making improvements in your home, but where to get the funds for it. Home ... more...

Buy or Sell First?
When it comes to home buying, the ideal situation would be to find a new home, just as you receive an offer on your existing home. You would then be able to close concurrently and move into your new home a few days prior to closing on your previous home. This does happen more often than not, but ... more...

Affiliate Marketing What Is It And Why Use It?
Affiliate Marketing is having Affiliates do your Marketing for you. What I mean by Affiliate is someone who tells people about your product/service and you pay them for a desired response, such as a purchase.Affiliate Marketing is one of the best ways to get the word out about your product/service ... more...

How To Get Out Of Credit Card Debt
If youre like the average person, let me warn you ahead of time about what Im going to reveal in the next few paragraphs. You may be angry after you finish reading this article about how youve been misled in the use of credit card debt.The American economy is designed to make you work yourself to ... more...

Reverse Mortgages - Is It A Good Idea For You?
Reverse mortgages are one of the largest growth areas in the mortgage business. These mortgages offer older people the chance to get cash based on the equity they have in their homes or condos. When the reverse type of mortgages are used, the lender pays the home owner an agreed upon rate. The ... more...

10 Frequently Asked Short Sale Questions
1. What happens to the seller's credit rating when they allow an investor to short sell their property?What typically happens is the loan will show up as "paid" on their credit report; however there will be a notation that says "settled for less than originally owed" or something along these lines. ... more...

Seven Sets of Documents You Need For Your Divorce
Even if you believe your case will ultimately be agreed to and settled without a trial, you will be in a much better position if you already have the relevant documents in your possession. Better safe than sorry.You should locate the relevant documents, make copies, and keep them somewhere secure, ... more...

How To Buy Bargain Property At Auction
Do you want to invest in profitable property or simply buy a new home at a bargain price? If so, you want to consider property auctions.Properties sold at auction are often owned by mortgage lenders after repossessions, former council / housing association homes or have being empty for some time ... more...

Life Insurance and the Law - A Layman's Introduction
There are no laws in the UK that require a person to have life insurance. Its an entirely voluntary insurance. About 40% of the UK's working population are covered by life insurance either through their own policy or via an arrangement through their employer. So the simple things first. You have ... more...


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