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mortgage : Insurance

Which Mortgage Fees Are Negotiable?

Mortgage companies quote their fees using the federally required Good Faith Estimate (GFE). Homeowners should remember the term "estimate" and know that they may negotiate many of the estimated fees. Federal law requires that the final cost cannot exceed the amount estimated by the lender on the GFE

What Types of Properties Are Eligible for a Reverse Mortgage?

Seniors at homesenior couple holding hands image by Janet Wall from Fotolia.comSeveral types of properties are eligible for reverse mortgages. These transactions allow senior homeowners--age 62 and up--to convert the equity in their homes for cash, tax-free, without having to move out of...

Mortgage Loan Regulations

Mortgages are complicated loans that require skill and concentration to be able to close. If you are applying for a mortgage, the process can be daunting and cumbersome. The rules and regulations of this market are currently changing daily, because of fraud and mismanagement. A basic understanding o

Simple Ways To Get A Home Loan With Bad Credit

With a some research, education and time spent looking into the best way to get a home loan with bad credit, it can be well worth your while. You can save yourself a lot of hassle, time and money in the process.

Secrets That Mortgage Companies Do Not Want You to Know

A mortgage is a loan that is written to provide funds for individuals to purchase a home. While most people cannot purchase a house without a mortgage, they do not need to subject themselves to unnecessary costs, fees and scams that are prevalent in the mortgage industry. Personal...

An Introduction to Reverse Mortgage

It is a natural incident in the life cycle of an individual to modify priorities depending to their age. Regarding financial needs, for example, young ones have trivial financial worries. Teens, however, have bigger but ...

Mortgage Rate- Significant Tip About New York Mortgage

Are you thinking of getting a mortgage? It may be your first home mortgage or you'll already have a few, either way here are two general tips that you'll be able to employ to assist get you the right mortgage. Use these and hopefully the majority will find a mortgage that suits your needs.

What is an FHA Form 2900?

The Federal Housing Administration (FHA) is part of the Department of Housing and Urban Development (HUD). The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. The FHA is the largest insurer of mortgages in the world; it has in

How to Use Your Home to Fund Retirement

Retirement can be a stressful time in your life if you haven't accumulated enough money in your personal savings. Retirement plans take time and careful consideration, as well as funding, over a long period of time. But, one asset that can be leveraged for your retirement planning is your home. Usin

FHA Mortgage Broker Requirements

An FHA mortgage broker must meet federal and state requirements to broker loans.new home 3 image by Kathy Burns from Fotolia.comFHA is an acronym for the Federal Housing Administration, an agency within the U.S. Department of Housing and Urban Development. This government agency has...

The Difference Between Interest Only and Repayment Mortgages

A potential homeowner may be offered a choice of an interest-only mortgage and a traditional repayment mortgage. The interest-only mortgage will have a lower monthly payment but the homeowner must be aware of the consequences. There are circumstances where the interest-only option makes sense and ot

Will a New Cell Phone Plan Affect My Debt-to-income Ratio?

When it comes to applying for credit, your monthly bills may cost you more than you realize. Creditors consider the amount of money you owe on things such as auto, school and credit card loans and may reject your application if they think you owe too much. One thing they're likely to ignore, though,