With mortgage stories dominating the front-page news, peopleawhether theyare buying a new house or refinancingaincreasingly 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: ac understanding key terms like ARMs and hybridsaand reading whatas in the fine print ac improving their credit scores to increase their borrowing power ac using technology to get the lowest interest rates ac 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 moreain 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;...
|Publisher||:||AMACOM Div American Mgmt Assn - 2008-05-02|