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mortgage loan types FAQ
what is the difference between Alt B type mortgage loan and other types of mortgage loan?
Nov 20, 2006 by Geee | Posted in Renting & Real Estate
I am not really sure of your question..But if your asking what the difference between "A" loans and "B and C" loans are...Then it is the credit of the borrower.."A" loans usually have a little better rates and terms due the
Littlebit | Nov 20, 2006
I am not really sure of your question..But if your asking what the difference between "A" loans and "B and C" loans are...Then it is the credit of the borrower.."A" loans usually have a little better rates and terms due the
She She | Nov 20, 2006
What types of mortgage loans are there? WHAT SHOULD I BE CAUTIOUS ABOUT WHEN GETTING THIS TYPE OF LOAN?
Jun 03, 2009 by ????? | Posted in Personal Finance
-TRYING TO HELP MY PARENTS W/IT SO PLEASE HELP ME UNDERSTAND..
A great loan to get is a 30-year fixed rate mortgage with no prepayment penalty.
Fixed rate means that the major part of the monthly payment (the principal and interest) will never change. No prepayment penalty means
Ben | Jun 04, 2009
Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.
http://loan-house.we.bs/homeloans.html
Jack | Jun 03, 2009
what type of mortgage loan should i get if i only plan on staying there 5-7 years?
Feb 23, 2007 by curious | Posted in Renting & Real Estate
i am a first-time home buyer, looking for advice on what type of mortgage loan i should get. do i need a 30 yr. or would it be better to do an ARM. this is just a starter home and i don't plan on being there longer than 5-7 years.
NEVER do an ARM. As soon as the thing starts adjusting, your transmission will go out, your dog will get sick & you'll lose your job. It's Murphy's law. Take out a mortgage at a fixed rate on a 15 yr note w/ a pymt that is less than 30% of your take
Ryah B | Feb 23, 2007
What is the best type of mortgage loan for the lowest monthly payment?
Jul 17, 2007 by cantholdmd | Posted in Renting & Real Estate
30 year fixed? 2/1 ARM? I need a loan with no PMI and low points and the lowest possible mortgage payment a month. What Im working with:
Credit score 600
Annual assets (Salary) 34500
Monthly Debt: 70
House loan amount:
obviously you haven't been watching or reading about the mortgage meltdown. 30 year fixed and certain lenders will ignore the rip off PMI crap. Shop around but insist on 30 year fixed.
zyberianwarrior | Jul 17, 2007
mortgage loan types news
30-year mortgage rate under 4 percent
18.05.12
Mortgage rates have been below 4 percent for all but one week since early December. That's helped lift the outlook for housing after four sluggish years of home sales. Still, most economists expect only modest gains.
January and February made up the best winter for re-sales in five years, when the housing crisis began. And builders are more confident about the market. In February, they requested the most permits to build single-family homes and apartments in more than three years.
Applications for new mortgages rose in March, according to the Mortgage Bankers Association, and there was a sharp rise in the average loan size, suggesting a bigger appetite for home loans. The average size ofmortgage applications has increased by $20,000 since December, to about $235,000 last month.
Source: Christian Science Monitor
mortgage loan types about
Reverse Mortgages Versus Home Equity Loans
Go Banking Rates - Jun 12, 2011
Both reverse mortgages and home equity loans will allow you to use your home as collateral when borrowing money, but there are some start differences between the two. A reverse mortgage is a type of loan that provides homeowners aged 62 and older a way
On Helens Pouroff Ave., escaping falling home prices
USA Today - Jun 13, 2011
The couple, both federal government contractors, have failed to get their Helens Pouroff loan modified and still owe $344000 on a home they estimate might sell for $180000. They pay $2044 a month on the mortgage. They could rent a similar house in the
Senator: For-profit colleges use subprime mortgage-type loans
eCampus News - Jun 08, 2011
Students attending for-profit colleges are subject to subprime mortgage-like loans that saddle them with thousands of dollars in debt and waste millions in taxpayer dollars, Democratic lawmakers and education experts said at a June 7 Senate hearing.
LendingTree Weekly Mortgage Rate Pulse Reports Rates Continue to Fall
PR Newswire (press release) - Jun 08, 2011
Rates for all loan types fell week-over-week, with 30 and 15-year fixed mortgage rates reaching their lowest levels in over six months. The last time rates for these loan types were this low was in November 2010. On the same day, the lowest mortgage
Comments Extended on 20% Down Rule
MortgageLoan.com - Jun 09, 2011
Under the Dodd-Frank Act, mortgage lenders are required to retain at least a 5 percent interest in any mortgages they make, known as “skin in the game,” unless the loan meets the standards for a QRM and is thereby deemed safe.