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21 September 2010
Depending on your financial position, there are many different types of mortgage assistance program available to you.There are two classes of program: government-sponsored and lender-sponsored.Government-sponsored home mortgage assistance tends to be broader in scope and easier to acquire, but less tailored to your individual needs.
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11 September 2010
If you're thinking about buying a home in New York City, there's a good chance you'll be getting a co-op rather than a condo or a house.
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16 August 2010
New rules designed to prevent loan originators from steering borrowers into more costly mortgages in order to increase their own compensation have been issued by the Federal Reserve.
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22 July 2010
An investigation into whether lenders may have illegally denied mortgages to pregnant women and persons on temporary disability is being launched by the Department of Housing and Urban Development (HUD).
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16 July 2010
The U.S.Senate passed a sweeping financial reform bill on Thursday, establishing new rules for mortgages as well as imposing new regulations on Wall Street and providing enhanced protections for consumers and investors.
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3 July 2010
For potential first-time homebuyers, affordability can be a big challenge.In addition to coming up with a down payment and money for closing costs, even being able to afford the monthly payments on a decent home can be a major obstacle.
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1 July 2010
What are your chances of refinancing your mortgage? Is it going to be a struggle if you've got a starter home at the lower end of the market? Are banks more willing to work with someone who has a pricey, custom-built home?.
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24 June 2010
The Obama Administration has authorized the release of $1.5 billion for foreclosure prevention efforts in the five states hardest hit by the housing crisis, beginning almost immediately.
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23 June 2010
Mortgage rates are way down again - and refinancing is up.If you missed out on last year's ultra-low rates, are your chances any better of refinancing this time around?.
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14 June 2010
Was the subprime mortgage crises caused by poor math skills?.
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4 May 2010
If you're a first-time homebuyer, there's a good chance you've never heard of the Mortgage Credit Certificate Program.Many aspiring homeowners have not.
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28 April 2010
Financially pressed homeowners who voluntarily surrender their homes instead of going through foreclosure could buy a new home in as little as two years under new guidelines set by Fannie Mae.
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24 April 2010
Choosing a mortgage lender can be one of the most intimidating parts of getting a home loan.A quick check online will show there are literally thousands to choose from.So how do you decide whom to pick?.
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19 April 2010
One part of the homebuying and mortgage process that many people forgo is hiring an attorney to review everything to make sure it's all in order.But how much of a risk are they taking by doing so?.
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9 April 2010
Can you get special assistance or qualify for a low-cost mortgage based on the type of job you have? Does working as a teacher, nurse, police officer, firefighter or other career in public service let you qualify for special mortgage programs not available to other borrowers?.
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7 April 2010
One of the most confusing parts of the mortgage process can be figuring out all the different kinds of lenders that deal in home loans and refinancing.There are direct lenders, retail lenders, mortgage brokers, portfolio lenders, correspondent lenders, wholesale lenders and others.
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24 December 2009
One of the small pitfalls to look out for when shopping for a mortgage has to do with simple interest vs.a standard mortgage.Although the term "simple interest" sounds harmless, it can cost you money if you're not careful.
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4 December 2009
As part of its foreclosure prevention efforts, the Obama Administration is launching a new program to encourage short sales and deed-in-lieu of foreclosure transactions for financially pressed homeowners who are unable to obtain loan modifications.
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3 December 2009
Homeownership offers a variety of ways to save money on your tax bill, including the mortgage interest and property tax deductions, as well as others for home improvements, a home office, energy credits and more.
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7 November 2009
Getting or refinancing a mortgage when you're self-employed can be a real challenge these days.With the virtual disappearance of stated income loans, it's become much more difficult for anyone who doesn't get a regular paycheck to qualify for a home loan.
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