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Andrew Beattie - MortgageLoan.com | 12/31/2006 - 2:49am
While owning a house is the goal of many, it's expensive to purchase and maintain a single-family residence. Condominiums, however, offer an alternative for people who want to own a home without the headaches of a house with comparable mortgage rates.
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MortgageLoan.com - MortgageLoan.com | 12/18/2006 - 2:50am
There was a time when it was scandalous for a woman's skirt to reveal anything above the ankle. However, years passed, perspectives changed, and the miniskirt eventually arrived. There's an equally radical development in mortgage loans-a once unheard of repayment term of 50-years has recently hit the market.
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Tom Kerr - MortgageLoan.com | 11/27/2006 - 2:57am
Mortgage cycling is an aggressive approach to paying off mortgage loans within a short time frame. It involves making large lump-sum payments of home loan principal every six months. While the strategy is not for everyone, understanding how it works can help you decide whether it makes financial dollars and sense for you.
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Joan Roelke - MortgageLoan.com | 11/21/2006 - 3:18am
It's a sad situation when a lender forecloses on your home. Then, when you get back on your financial feet, the foreclosure on your record can make it difficult to find a new mortgage. However, if you take control of your financial life, you can succeed in finding reasonable home financing.
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Tom Kerr - MortgageLoan.com | 11/18/2006 - 3:56pm
To save money on your mortgage loan, look for the lowest mortgage rate and down payment, and the least expensive closing costs. You can also structure your payments to save on interest. All it takes is an understanding of how to make the mortgage process work for you, not against you.
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Barbara Eisner Bayer - MortgageLoan.com | 11/15/2006 - 10:15am
With home sales dropping and mortgage rates rising, customers are becoming fewer and farther between. Now is the time to dip into the mortgage marketing toolbox, and pull out a few strategies to bring you more recognition and, hence, more new clients.
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Tom Kerr - MortgageLoan.com | 11/15/2006 - 10:46am
Free mortgage leads are especially valuable when the mortgage business goes through a seasonal slowdown. By teaming up with people who have direct access to buyers and sellers, mortgage lenders can reap the rewards of professional networking
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Greg Mischio - MortgageLoan.com | 11/13/2006 - 2:48am
A home loan is an aspect of modern society that we simply take for granted. Most people probably don't give much consideration to the origins of home loans, or even how long mortgage companies have been around. But an historical look at home mortgages reveals some interesting facts about a relatively young industry.
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Tom Kerr - MortgageLoan.com | 11/07/2006 - 9:35am
Unconventional mortgages, like interest-only or no-documentation loans, can be time-consuming. But by following these tips, you can find great mortgage rates and speed up the process of getting your loan, so that the money can find it's way more quickly into your pocket.
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Tom Kerr - MortgageLoan.com | 10/17/2006 - 5:08am
So-called COFI loans are adjustable rate mortgages that are related to the Cost of Funds Index (COFI). This index determines what interest rate banks pay
customers on checking accounts and certificates of deposit. The main attraction of COFI mortgage loans is that they offer unique flexibility for monthly payment options.
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Jan Lindsey - MortgageLoan.com | 10/16/2006 - 7:22am
If you need a home mortgage, you need a mortgage lender or broker (an agent who finds a lender for you and manages the transaction). Either way, you're looking for two things: good customer service and a loan at the right price.
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MortgageLoan.com - MortgageLoan.com | 10/14/2006 - 1:15am
If you're searching for a home mortgage, you may feel like a mountain climber at the foot of Mt. Everest. The task before you appears long, difficult and potentially perilous. Here are some tips to calm your fears. Follow them, and you can make that mortgage mountain feel more like a molehill.
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Catherine Brock - MortgageLoan.com | 10/12/2006 - 1:03am
Selecting the right mortgage program can be daunting. If you'd like to purchase a larger home than your budget can currently afford, an interest-only mortgage may be the answer to your prayers. Be careful though: when the interest-only period ends, you may get stuck with more debt than you can comfortably handle.
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Greg Mischio - MortgageLoan.com | 10/10/2006 - 1:29am
Everyone knows how to find an affordable jar of peanut butter: Go to an inexpensive grocery store, scan the shelves for a few great tasting brands, and select the cheapest one. Shopping for a mortgage isn't all that different. You can use some of those same peanut-butter shopping tactics to find an affordable home loan.
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Tom Kerr - MortgageLoan.com | 10/03/2006 - 2:26am
Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans. While they're convenient, they also charge slightly higher interest rates. Since the dollar amount that defines a jumbo mortgage is redefined each year, it's subject to change.
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Greg Mischio - MortgageLoan.com | 09/29/2006 - 1:46am
In the land of the free and the home of the brave, there are always plenty of consumer choices. Just think how many different places you can go to buy a pair of shoes, for example. The same holds true for mortgages. There are a multitude of entities offering mortgage loans: Bankers, brokers, credit unions, and home sellers, too. It can be overwhelming, but it can also work to your advantage. Simply find the reputable lender offering the best price, and the miracles of the free market can result in an ideal mortgage.
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MortgageLoan.com - MortgageLoan.com | 09/19/2006 - 8:30am
Nowadays, there are many mortgage programs with complex bells and whistles. But one of the oldest and most sensible programs is the bi-weekly mortgage payment plan. Based on solid economic common sense, it can save you a significant amount of money over the lifetime of your mortgage.
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MortgageLoan.com - MortgageLoan.com | 09/04/2006 - 4:10pm
For many, the American Dream of homeownership is a far cry from the cold, harsh financial realities. Without sufficient money for a down payment and not enough income to make monthly payments, homeownership is becoming increasingly difficult for a growing number of consumers. However, there are unique approaches to financing that could make home ownership a realistic option once again.
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MortgageLoan.com - MortgageLoan.com | 09/01/2006 - 2:17pm
Housing costs have ballooned during the past few years. Even if they come back to earth, buyers are still facing challenges when trying to secure manageable mortgages. To meet the demand, mortgage lenders have begun offering longer amortization schedules, including 40- and 45- year mortgages. These may be attractive if you're shopping for a dream home with an expensive price tag.
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MortgageLoan.com - MortgageLoan.com | 07/28/2006 - 1:46pm
If you find yourself in a cash crunch, you may choose to tap into your home's equity to find much-needed funds. A mortgage loan that allows you to pay back interest only during the first few years can be beneficial if you find yourself in this situation. The two most desirable options for people caught in this bind are either an interest-only loan or a home equity line of credit (HELOC).
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MortgageLoan.com - MortgageLoan.com | 06/08/2006 - 9:14am
Getting a mortgage rate quote allows you to shop confidently for a home, knowing that you will be able to afford your purchase. There are different types of mortgage rate quotes, with varying amounts of accuracy. Of course, you will not know the exact dollar amount that you will be spending until you close on your home, but you can get a very good idea.
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MortgageLoan.com - MortgageLoan.com | 06/07/2006 - 8:31pm
For someone in search of a new career, becoming a mortgage broker can be an excellent choice. Mortgage brokers are responsible for matching up prospective home buyers with suitable mortgage lenders. Mortgage brokers, who must find the best rate for their client, while at the same time providing the mortgage lenders with loans that are secure, must be detail oriented, patient, and enjoy working with people.
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MortgageLoan.com - MortgageLoan.com | 06/06/2006 - 7:12pm
Online businesses continue to gain in popularity, and one area that is showing considerable growth is in online lending. Online lending is a great choice for both lender and consumers.
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MortgageLoan.com - MortgageLoan.com | 06/06/2006 - 7:21pm
Buying a home, right up there with getting married and having a child, is seen as the pinnacle of adulthood, and for many it fulfills a lifelong dream. Unfortunately, many people never take this step due to fear that they can not afford a mortgage.
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MortgageLoan.com - MortgageLoan.com | 05/22/2006 - 10:21am
A crucial decision you will make when selecting a mortgage loan is the length of your term. Should it be 15, 20, or 30 years long? There are advantages and disadvantages to each. By examining the pros and cons, you can get the best bang for your buck.
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MortgageLoan.com - MortgageLoan.com | 05/22/2006 - 10:06am
To many of us, financial instruments can be frightening and complex. This holds true for mortgages, which are the largest financial transaction most people will ever make. Once you understand how they work, they won't be scary any longer, and you'll understand how they're a vital ingredient in the recipe for the American dream.
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MortgageLoan.com - MortgageLoan.com | 05/14/2006 - 3:33pm
Shopping for a mortgage should be approached just as seriously as shopping for a car. When you purchase a new car, you usually spend a lot of time researching consumer reports, shopping different dealers for different sticker pricing, and looking into auto financing. The same holds true, if not more so, for your mortgage. Unlike a car, at least your home has a chance to appreciate after you buy it!
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MortgageLoan.com - MortgageLoan.com | 05/05/2006 - 8:25am
Mortgage interest rates favorable to home buying are still available, even if mortgage interest rates are still on an upward trend. Refinancing is today more need driven than rate driven.
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MortgageLoan.com - MortgageLoan.com | 05/05/2006 - 7:54am
Real estate experts report say location, location, location. The financing is much more complex...
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MortgageLoan.com - MortgageLoan.com | 05/04/2006 - 3:50pm
There are as many different types of mortgage loans as there are people - probably more.
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