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Housing Affordability: Why the Differences?
January 4, 1999 "My financial planner said I could afford to spend $250,000 for a house, my real estate broker said $280,000 and a calculator I found on the internet said $295,000. How come these large differences?" The affordability calculation is fairly complex ... more... Lies Mortgage Shoppers Hear December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... |
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financial calculation related definitions |
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Mortgage Baked Securities, MBS
Mortgage Baked Securities, MBS Mortgage-backed securities (MBS) are bond or other financial obligation secured by a pool of mortgage loans. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by purchasing entity. ... more... Settlement Statement, HUD-1 Settlement Statement, HUD 1 Document used by the settlement agent to itemize all charges for a real estate transaction, detailing the final financial settlement and costs paid by both buyer and seller of a property. Settlement Statement or closing document required by HUD ... more... |
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More about financial calculation Offset Mortgages: A Dream for Well Off Homeowners First Time Buyer Mortgages Transforming Homeless into Property Owners Buy to Let Mortgages - Boom Time Returns Credit Damage: Getting Compensated for Your Loss Building Wealth When Refinancing Your Home Loan Class Action Lawsuits and Unethical Settlements Divining Your Life Path Number Life Insurance and the Law - A Layman's Introduction 10 Steps for Simplifying Business Plan Financial Statements Is My Money Safe? On The Soundness Of Our Banks
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