Articles filed under Mortgages
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Valid mortgage price quotes do existJul 07, 2012 5:55 am - Q. How many lenders must I shop to be certain I receive a competitive price?” A. If you have access to valid price quotes, three is usually enough. If you don’t have acc...
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Consider future value financing to buy a fixer-upperJun 30, 2012 4:48 am - You are attracted to a house that is perfectly located but it just came out of foreclosure and needs a lot of work to make it habitable. To swing the deal, you need to f...
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FHA retreats on a mortgage standardJun 29, 2012 5:00 am - WASHINGTON — In a policy switch that could be important to thousands of applicants seeking low down-payment home mortgages, the Federal Housing Administration has rescin...
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Husband’s has tax liens will stand, even if he is removed from deedJun 16, 2012 5:27 am - Q. Our home loan is in my name, with my husband listed on the deed. When our home was refinanced, the lender was supposed to take my husband’s name off the deed, but the...
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Don’t just assume FHA loan is a better deal than conventionalJun 16, 2012 5:14 am - Along with many other observers of the mortgage scene, I have long attributed the imperfections of the market in large part to information asymmetry — the fact that borr...
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Three factors determine how long will you will be underwater on your mortgageJun 09, 2012 5:42 am - About 16 million homeowners owe more on their mortgage than their homes are worth, which means they are “underwater.” So long as that condition continues, they have no e...
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Mortgage professor: Despite huge demand, LTO obstacles are plentyJun 02, 2012 5:34 am - Of the 700 or so articles on my website, the article accessed most frequently over the last year has been one I wrote in 2004 on lease-to-own home purchases. This is a c...
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How borrower-ordered appraisals are a better way to shop for mortgagesMay 26, 2012 5:10 am - Last week’s column detailed the following benefits from switching from a system of lender-ordered appraisals to a system of borrower-ordered appraisals. Ÿ Borrowers woul...
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Mortgage professor: A better way to shop for mortgagesMay 19, 2012 5:02 am - The two most important pieces of information mortgage applicants should have in entering the market is their credit score and the appraised value of the property they ar...
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The nation’s housing: FHA may ease rules for mortgages on condosMay 18, 2012 5:09 am - By Ken Harney WASHINGTON — Thousands of condo unit owners and buyers around the country could soon be in line for some welcome news on mortgage financing: Though officia...