Mortage
Sat, 30 Aug 2008 19:00:16 -0600
by Mortage @ Sat, 30 Aug 2008 19:00:16 -0600
The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets." -- In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration....
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Thu, 28 Aug 2008 19:00:19 -0600
by Mortage @ Thu, 28 Aug 2008 19:00:19 -0600
Six defendants have pleaded guilty to participating in a $17 million mortgage fraud scheme in Miami-Dade County involving inflated property values and falsified closing statements, Florida's attorney general announced Monday. These can include settlement costs, discount points, and other fees. There may also be a penalty charged for paying off your original loan early, although some states prohibit this....
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Thu, 28 Aug 2008 07:00:11 -0600
by Mortage @ Thu, 28 Aug 2008 07:00:11 -0600
Tips for Starving Commercial Mortgage Brokers Heres my advice:(From C Loans.com its a bit heavy on his site promotion,I have no affiliation, but good advice here regardless) 1. Stick to small commercial permanent loans. ... Borrowers can stay involved with their mortgage dealings by applying for a mortgage online. With traditional mortgages, lenders may not give out enough information, leaving the borrower practically in the dark throughout the whole process....
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Tue, 26 Aug 2008 07:00:16 -0600
by Mortage @ Tue, 26 Aug 2008 07:00:16 -0600
The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets." In the industry, they are called "liar loans" — mortgages approved without requiring proof of the borrower's income or assets. To get the best mortgage rate, it's always a good idea to shop around. A mortgage is just like any other product and its price and terms may be negotiable. When shopping for the best mortgage rate, it is most likely that a comparison of costs is involved. Looking for the best mortgage rate may save you thousands of dollars....
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Tag: Mortage |
