Mortgages 101

Mortgages 101

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With mortgage stories dominating the front-page news, peoplea€”whether theya€™re buying a new house or refinancinga€”increasingly have questions about the complicated issues at stake. Arranged in an easily accessible question-and-answer format, Mortgages 101 provides readers with essential lending formulas, as well as important information on lending requirements and application procedures. The book shows readers how to save money by: a€c understanding key terms like ARMs and hybridsa€”and reading whata€™s in the fine print a€c improving their credit scores to increase their borrowing power a€c using technology to get the lowest interest rates a€c maximizing their return on investment, and cutting the cost of mortgage insurance This revised edition includes up-to-date material on new loan and government programs, as well as changes to the law regarding tax deductions, down payment assistance, reverse mortgages, bankruptcy, negative amortization and morea€”in short, all the answers readers need, in one must-have reference.Your bridge lender, typically your banking institution or credit union, will loan you the money to buy the new house, place a lien on ... Next, how much should you borrow using a bridge loan? ... QUALIFY. WITH. TWO. MORTGAGES? Youa#39;ll have to be able to afford both payments. Therea#39;s no sense in using this strategy if ita#39;sanbsp;...

Title:Mortgages 101
Author:David REED
Publisher:AMACOM Div American Mgmt Assn - 2008-05-02


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