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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... Is a Balloon Loan Better Than an Adjustable Rate Mortgage? May 4, 1998 "I have been offered a 5-year balloon loan at 6.5% and zero points, and a 5-year ARM [adjustable rate mortgage] at 6.125% and zero points. Is there any reason why I should not choose the ARM?" No reason, provided you confidently expect to be out of ... more... |
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refinance calculate related definitions |
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Refinance
Refinance Refinancing refers to applying for a mortgage loan intended to replace an existing loan secured by the property. Homeowners usually consider refinancing for the purpose of getting a better interest rate, loan term, or to draw cash from the equity. ... more... Wraparound Mortgage Wraparound Mortgage Mortgage Loan which provides a buyer with the amount of the remaining balance on a seller's mortgage plus an additional amount which is requested by seller as part of the contract of sale. Payments are made to the lender who holds the wraparound loan. ... more... |
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More about refinance calculate Sometimes the Best Deal Isn't the Right Deal when It's Time to Refinance Your Home About Refinancing Your Home Mortgage Loan Deducting Points On Home Refinances Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When Refinancing Refinancing Your Auto Loan Best Refinance Mortgage Rate - Improve Your Odds of Getting a Low Rate The Question: Refinance Mortgage or Not? Refinance Your Mortgage - You Could Save Thousands Or More Dollars Over Time Poor Credit Mortgage Refinance - Getting Approved Poor Credit Mortgage Refinance Getting Approved
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