Debt Forgiveness Act of 2008

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The National Guard and Reservists Debt Relief Act of 2008 became law on Dec. 19, 2008. This temporary law amends the existing federal Bankruptcy Code for specific American citizens. Also called the debt forgiveness act, this amendment is listed as Public Law No. 110-438 and amends 707(b)(2)(D) of th

Can You Refinance A Mortgage With Bad Credit? Absolutely

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Are you like the thousands of other struggling homeowners who have bad credit due to circumstances beyond your control? The past year has been hard on the average homeowner; the economy is horrible, jobs are hard to find and even harder to keep with companies filing bankruptcy and shutting their doo

Help for First Time Buyers

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Using a mortgage broker to fully handle a mortgage application takes away all the pressure. A broker will also go out of their way to find you a suitable product by scanning the whole of the market, s

California FHA Rules

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You can get an FHA mortgage on California property.california coastilne image by Xavier MARCHANT from Fotolia.comThe FHA provides insurance for loans in all fifty states, but the rules in each state tend to vary based on the way that the state has chosen to implement the program and its...

FHA Refinance Rules

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The FHA provides loan refinancing options to homeowners.house image by Byron Moore from Fotolia.comThe Federal Housing Authority offers loan refinancing programs to qualifying members of the public. These programs are intended to provide assistance to homeowners who have struggled to make...

Consider Different Reverse Mortgage Options

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There are many different reverse mortgage options: single purpose reverse mortgages, federally insured reverse mortgages, and proprietary (private sector) reverse mortgages. Each option has different pros and cons that need to be considered when looking into taken out a reverse mortgage. Single-Purp

Typical in-House Mortgage Modification

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An in-house mortgage modification with your existing mortgage lender can save you from losing your home to foreclosure, even if you are struggling through a financial crisis. In a successful modification, your mortgage lender will lower your monthly mortgage payment. The hope is that this more affor

Negative equity and lower house prices working against borrowers

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A recent report noted that house prices received a boost, as the house price to earnings ratio, was at its lowest ratio, indicating that less earnings would be needed to purchase a house. The house ...

What Are Mortgage Arrears?

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The real estate crash of 2008 brought with it a host of problems, not the least of which was a wave of foreclosures that swept the country. These mortgages and the foreclosure process often involved different terminology not normally encountered, such as mortgage arrears, a way of describing late mo

Remortgage Debt Consolidation

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Characteristic features of remortgage debt consolidation.

4 Tips To Get The Best Refinance Mortgage Rate Possible.

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At some point in their lives most people in the United States will refinance their main or take out a second mortgage.If you are bearing in mind a refinance then you will want to make sure you get the best refinance mortgage rate possible.While interest rates are no longer at an all time low, there

What Indexes Are Mortgage Rates Tied To?

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An ARM rate can be based on one of several interest rate indexes.silver bevel symbol percentage image by PaulPaladin from Fotolia.comA mortgage can have a fixed rate, meaning the rate will remain the same for the entire term of the loan, or an adjustable rate, meaning the interest rate...

Rule On Right To Buy Council House In Uk

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This article is designed to let the UK public know the basic rules when it comes to buying their house from there local authority

How to Refinance Your Mortgage and Lower Payments -Obama Administration Program

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'Home Affordable Refinance' is a new program where you can refinance your house to take advantage of the low interest rates. Are you current on your payments? Is the value of your house less than your mortgage? Do you have a variable rate mortgage? Are you making interest only or balloon payments? I

The History of Mortgage Securitization in United States

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Mortgage securitization creates a single investment vehicle from a pool of mortgages. Proceeds from monthly mortgage payments provide mortgage-backed security investors with a regular cash flow. In addition, securitization helps the bank that originates the mortgage to generate an immediate return i

Reverse Mortgage Loans Secures Life After Retirement

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FHA loans are very popular due to their easy availability. Individuals need not to pay off any monthly mortgage bills if they avail reverse mortgage loans.

What you should do to get Good Secured Remortgage Loan?

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Secured remortgage loans refers to the situation when you take p a new finance on your present homes. It will be only possible for you if there will be enough equity on your homes.

The Advantages Of A Reverse Home Mortgage For Seniors

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It is really nothing new, and for many generations our older citizens have often struggled to get by every month. This is particularly true of those who are disabled, retired or on a fixed income ...

Various types of New Jersey Home mortgage loans

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Settling down requires one to buy a home that fits the needs of the family. Buying a new home only on cash payment is not possible for everyone. Most opt for a mortgage while buying ...

How to Refinance a Duplex As an Owner-Occupied FHA

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Many home buyers purchase duplexes so they can live in one part of the house while renting out the other part. Often this helps them to afford a home when otherwise, they may not have been able to. Some homeowners are even able to rent the vacant part of the home for as much as the entire mortgage c