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mortgage : Insurance

What is Mortgage Litigation?

Litigation is a general legal term that describes a lawsuit or dispute before a court. If a mortgage lender and borrower are unable to reach an agreement on a matter such as a loan modification, ...

Can You Mortgage an Undivided Interest?

Undivided interest applies to how you share the ownership of the property with others. It does not indicate how much of the property you own. While you can generally mortgage your undivided interest in real estate, how you hold title and applicable state laws will determine if you need the permissio

How to Build a Mortgage Calculator

A mortgage calculator helps you to calculate the monthly principal and interest payment on a mortgage based on the interest rate and the term. A mortgage calculator figures the total monthly payment for a fully amortized mortgage rather than a simple interest or interest only monthly mortgage paymen

Repaying Your Mortgage As soon as possible

Most property owners today have a particular purpose, and that is to get rid their mortgage loan as soon as possible. That is because paying back your debt as quickly as possible could seriously help ...

Commercial Mortgage Quote

A Commercial mortgage quote is an estimate that all companies, provide for the convenience of the borrowers indicating the costs of availing a loan to a potential borrower. Such commercial mortgage qu

A Crash Course On Loan Modifications

With all of the housing market trouble and increase in foreclosures, there have been many efforts aimed at helping homeowners find their way out of mortgage debt. In 2009, the government released the

The Mortgage Modification Muddle

The US Treasury department has spent or dedicated vast sums of money to financial institutions for the purpose of reducing the number of foreclosures across the country. In response, some of the major banks that have received funds have done very little to help alleviate the situation.

How Much Does A House Cost?

The price of homeownership can stack up.If you’re planning on buying your first home, you’re probably already educating yourself about the obvious costs involved: The “sticker price” of the houses, the mortgage, the down payment, earnest money, the fees for credit checks, clo

FHA Guidelines For Refinances

There are two ways to refinance an FHA mortgage.house image by Cora Reed from Fotolia.comAn FHA loan is a mortgage made by a private institution but guaranteed by the Federal Housing Administration (FHA), which is a branch of the U.S. Department of Housing and Urban Development (HUD). FHA...

How To Find The Best Of Mortgage Wholesale Lenders

There are several ways that can assist you in find the best mortgage wholesale lenders either you are a broker or consumer. One of them is by online. Through online, you are able to choose the “Lenders” select your state, and a list will appear. There is also a calculator program there o

Is a Reverse Mortgage Indexed for Inflation?

By far the most popular type of reverse mortgage, according to a study conducted by the Federal Reserve Board, is the equity line. A feature unique to this loan type is that the maximum loan amount increases over time. Although it is not, in fact, specifically indexed for inflation, it will mostly l

How Does a Mortgage Payment Calculator Work?

Fixed-Rate Mortgage CalculatorsThe fixed-rate mortgage calculator is fairly simple to understand. You only need to plug in three numbers to make it work. You'll use the amount of you need to borrow, your interest rate and the term of your loan in years. Simply type in these numbers and...

Ascertaining the Mortgage loan that will Meet your needs

Our present-day fiscal downturn has shortened a considerable amount of job opportunities, causing lots of people running into bad debts. Those who find themselves not able to pay the bills and cover their financial duties ...

What You Need To Know About Refinancing A Mortgage

There are some very important factors to consider when you are thinking about refinancing a mortgage. The current housing market has changed the entire landscape when it comes to any type of mortgage

Federal Mortgage Refinance Help

When interest rates drop, you can save a significant amount of money each month by refinancing your existing mortgage loan to one with a lower rate. Depending on how much lower your new interest rate is and how much you still owe on your mortgage loan, you could save more than $100 each month. Most

How Much of My Gross Income Should I Spend on Housing?

If you are confused about how much of your gross income you should spend on housing, you are not alone. Housing is usually one of the biggest expenses people make every month, and getting it wrong can spell disaster. Whether you aim to buy or rent, the amount of your gross income spent on housing sh