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Category Archives: Mortgage Info

low-down program

Jan 08, 2016
What is Fannie Mae’s low-down program? Fannie Mae is expanding the availability of low-down-payment loans in an effort to help more people nationwide qualify for a mortgage. Two new programs wil [more]
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What can I afford?

Jan 08, 2016
Providing valuable resources for our Dallas Georgia Homes & Rockmart GA Homes Real Estate Buyers and Sellers is our top priority. Know what you can afford is the first rule of home buying, and th [more]
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Loan Programs

Jan 08, 2016
Providing valuable resources for our Real Estate Buyers and Sellers is our top priority. There are two main types of loan programs available to potential home owners. The first of these two types is t [more]
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information about ARM’s

Jan 08, 2016
Tell me more about ARMs? Adjustable-rate mortgages “are tied to an index which is a measure of the lender’s cost of borrowing money. As the index rises, so will the interest rate on the ad [more]
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what to do if you have bad credit

Jan 08, 2016
What can I do if I have bad credit? While some people have rebounded from a foreclosure to buy another home within several years, credit problems stemming from a foreclosure can continue much longer f [more]
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who regulates lenders?

Jan 08, 2016
Where do I get information on who regulates lenders? The following regulatory bodies oversee lenders: * Comptroller of the Currency, Compliance Division, Washington, D.C., (800) 613-6743. * Office of [more]
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what’s seller financing?

Jan 08, 2016
What is seller financing? Seller financing is when a seller helps to finance a real estate transaction by taking back a second note or even financing the entire purchase if the seller owns the home fr [more]
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Can National Guard vets get VA loans?

Jan 08, 2016
Can National Guard vets, and other reservists, get VA loans? The Veteran’s Benefits Improvements Act of 1994 gives men and women who have completed six years in the Army, Air Force, Marine Corps [more]
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40-year mortgages

Jan 08, 2016
Are 40-year mortgages a good idea? Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually [more]
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who qualifies for VA loans?

Sep 04, 2008
How does someone qualify for VA loans? After issuing a certificate of eligibility to a veteran, the U.S. Department of Veterans Affairs guarantees the loan to the lender up to a certain amount. VA loa [more]
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When is a negative-amortization loan a good ...

Sep 04, 2008
When is a negative-amortization loan a good idea? Experts don’t agree on this question. Negative amortization is less likely to occur in rapidly appreciating markets. In markets where prices are [more]
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what is negative amortization?

Sep 04, 2008
What is negative amortization? Negative amortization occurs when the monthly payments on a loan are insufficient to pay the interest accruing on the principal balance. The unpaid interest is added to [more]
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