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Home Inspections: Reasons for Attending a Home Inspection
Home inspections are important to home buyers, and it is worthwhile for you to attend a home inspection when buying a home. It’s also important that you understand the difference between a home...
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Mortgage History: Subprime Mortgage Crisis and Mortgage Derivatives
Half a decade on, and have we learned from the subprime mortgage crisis? Are mortgage derivatives now secure, and can investors purchase mortgage backed securities with confidence? There were lessons...
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Mortgage Basics: Prepaid Interest and Escrow Accounts
Many find it difficult to understand the concept of ‘escrow’ in general. We shall try to make that clearer here. First, however, the question of prepaid interest. Mortgage Questions: What is Prepaid...
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Mortgage Questions: Mortgage Terminology Explained
The mortgage questions we are asked are often based upon mortgage terminology. We shall start with some that relate to simple terms that are often misunderstood, and then progress to those that can...
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Mortgage Basics: Hybrid ARM (Fixed-Period ARM)
Mortgage terminology is often confusing to people and the hybrid ARM, or fixed period ARM (adjustable rate mortgage,) is a good example. In fact, it would be fair to say that most people do not...
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PITI: Principal, Interest, Taxes, and Insurance.
Sounding just like ‘pity,’ PITI stands for Principal, Interest, Taxes and Insurance. The term is used in relation to mortgage payments. It is the total monthly sum paid for a mortgage in the USA. Here...
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Private Mortgage Insurance Basics
Private mortgage insurance is usually required when you take a mortgage loan. In fact it is generally included in your mortgage payment and placed in an escrow account along with any tax liability....
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How Much Mortgage Can I Afford
What mortgage can I afford? Practically all house buyers have asked themselves that question at one time or another. What are mortgage points, and what down payment must I have? These are others....
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Mortgage Down Payment Assistance Programs
Down payment assistance programs (DPA) are designed to help you with your down payment when buying a home. If you are having trouble raising the cash needed to buy your home, then help is available –...
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Real Estate Appraisal Using Home Valuation Websites
Real estate appraisal can be carried out on home valuation websites using automated valuation models (AVMs). This might seem to be an easy way to find the value of your home prior to selling it, but...
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Loan Modification: Basics of Mortgage Modifications
Loan modification is a process that enables those in danger of foreclosure to modify or rearrange their mortgage. Fundamentally, the purpose of mortgage modifications is to enable homeowners with...
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Cleaning a Patio: Brick and Paver Patio Maintenance
Cleaning a patio is an essential aspect of brick and paver patio maintenance. If left without maintenance or cleaning, a patio will become discolored and slippery with mold and moss or algae. It is...
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Mortgage Calculator: Easily Calculate Mortgage Payments
An online mortgage calculator can help you to calculate mortgage payments and interest. Such calculators can take various forms, but before using them you must make sure you understand what you are...
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Yard Staging Tips When Selling Your Home
Yard staging is often overlooked by people selling their homes. Curb appeal is very important, and many sellers will spend a great deal of time and money on their windows and doors. For some reason,...
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Buying an Older Home: 10 Things to Look Out For
Buying an older home can be extremely rewarding, but can also be fraught with danger. Before purchasing an older home, there are certain aspects of older homes that should be aware of. Here are some of...
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Green Mortgages: What are Energy Efficient Mortgages?
Green mortgages are energy efficient mortgages that have been discussed since the early 1980s. It s possible to have energy-efficient improvements made to your home and included in your mortgage...
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Moving With Pets: Tips on Relocating With Pets
Moving with pets takes a bit of pre-planning. The following tips on relocating with pets will help make the transition as stress-free as possible for those loved ones that have no idea what is...
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FHA Streamlined 203(k) Loan: Loan For Moderate Rehab
The FHA streamlined 203(k) loan is different from the standard FHA 203(k) loan for distressed homes in that it is designed for minor changes to your new home that will cost no more than $35,000 to...
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Your Credit Report: Are Your Credit Records Accurate?
Like it or not, your credit report will be examined each time you apply for credit of any kind. This might be viewed in the form of a condensed ‘credit score’ which is a numerical measure of your...
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