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Mortgage Professor about information on reverse mortgages: | |||||||||||||||||||||||
How Do I Get a Reverse Mortgage?
July 21, 2003 ?I am running short of money and friends tell me that I should take a reverse mortgage, but the thought of a complicated transaction involving my house just terrifies me. It would help a lot if you would lay out the steps in 1, 2 3 form?? With a reverse ... more... Refinancing With Two Mortgages September 4, 2000 "I have an 8.75% first mortgage with a balance of $151,000, and a 12% second mortgage with a balance of $37,300. The second mortgage brought our total mortgage debt above the value of the property at that time, which is why the rate is so high. Our ... more... |
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information on reverse mortgages related definitions |
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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... Credit Score Credit Score A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive them. The most widely used credit score is called ... more... |
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More about information on reverse mortgages What Exactly Is A Reverse Mortgage And How Does It Work? Cutting Edge Real Estate: Is There Anything New? Part 1 California Reverse Mortgages Reverse Mortgages: Information You Need to Know Reverse Annuity Mortgage Tapping Into Your Equity Mortgage - Provides you the Best Deal Against Your Home Home Equity Loan Improvements What Is A FHA Loan? Reverse Annuity Mortgage - Tapping Into Your Equity Fixed Rate or Adjustable?
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