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Articles, tagged with "mortgage lender", page 1

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What is Loan-to-Value (LTV)?

04th June 2013
If you have ever shopped for a home loan, you probably have heard the term LTV, which is an acronym for loan-to-value. LTV is a major consideration for mortgage lenders because it is directly related to the risk of loss if they give you a loan and you sto... Read >
Author: M Robert 2011

Second mortgage charge-off: What are the ramifications?

30th June 2011
Second mortgage charge-off: What are the ramifications? Scenario: We have a first mortgage and a home equity loan on our home. My husband has lost his job recently and we are lagging behind our mortgage payments. We are somehow able to take ... Read >
Author: Samantha

INVESTING IN REAL-ESTATE How to Analyze an Income Property Cash Flow

24th September 2010
It is said that more millionaires have been created through real-estate that any other investment. Although this is no doubt true, Ive seen many examples of how real-estate investing can just as easily cause financial hardship. In this article well look... Read >
Author: Jeremy123

What if your loan modification is Denied?

12th February 2010
What happens if after months of painstaking waiting you are denied a loan modification by your lender? Although it is easy to do your own loan modification: filling out the paperwork and making sure everything is together, once your file is faxed to the b... Read >
Author: Shawn

What Happens when Short Sale Fails to Close

21st January 2010
Short sales are also considered as a win-win situation for both the mortgage lender and the homeowner. The lender will get the highest price in the market value and the borrower's credit will be restored and gets relief from possible further legal ac... Read >
Author: sonnix

HUD-1 Settlement Statement

01st December 2009
If you are about to purchase or refinance a home, then you will be faced with the task of reading and understanding a HUD-1 Settlement Statement. A HUD-1 Settlement Statement is provided by a mortgage lender or broker as required by the Real Estate Settle... Read >
Author: Housing Assist of America

The Full Story About foreclosure process in Alberta

15th November 2009
In today's dreadful economic and financial crisis, it is a last nail in the coffin to have your property foreclosed. Yet, this is occurring on a day-to-day basis not only to non-public homeowners but even companies of all sizes and styles all around the w... Read >
Author: Dean Golden

How Long Does Foreclosure Take?

22nd September 2009
In Foreclosure Power of Sale Foreclosure vs. Judicial Foreclosure, how fast can the bank foreclose? First of all, most lenders will not begin foreclosure proceedings until a borrower is 3-6 months behind on their payments. Although missing a singl... Read >
Author: John Stewart

Countrywide Home Loan Modification - Should You be Concerned?

16th July 2009
In July, 2008, Bank of America bought Countrywide Bank, a major mortgage lender. Homeowners whose mortgages were held by Countrywide heard of its plan to offer refinancing or loan modifications to help homeowners struggling to pay their monthly mortgage. ... Read >
Author: Lindsy Emery

What happens to Second Mortgage after foreclosure on the first?

21st August 2008
Scenario: I have a foreclosure soon to take place on my first mortgage. What happens to the second mortgage if it is paid up to date? I was so stupid that paid a company XYZ $1000 to negotiate a plan for paying the first loan. they promised me that the f... Read >
Author: Samantha

What happened to the Ameriquest Mortgage Company?

11th July 2008
The Ameriquest Mortgage Company was one of the leading lenders in the United States lending scene. Founded in 1979 in California as a bank then called Long Beach Savings and Loan, it was converted to become a mortgage lender in 1994 and was renamed Long B... Read >
Author: Sammy Sweet
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