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Tag Archive | "mortgage lender"

The Subprime Mortgage Meltdown – Overview And What We Learned

The third and fourth quarters of 2007 saw the end game of one of the most unbelievable runups on the housing market that the United States (and to be honest) the world had ever seen; mortgages were going into foreclosure, foreclosures were doubling from year end to year end, and several dozen mortgage lenders declared [...] [...more]

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To Stop House Foreclosure Or Not?

It’s an epidemic that hasn’t been seen since the great depression; houses are being foreclosed at three times the normal rate in some counties across America. As a result of this sudden rise in foreclosures a new type of business has sprung up within the real estate market called the “short sell.” If you are [...] [...more]

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Payment Protection Cover Needed Insurance For Many

Payment protection cover is an extremely important insurance protection for many Brits. This insurance protection offers a short-term monthly income payout for people displaced from work due to involuntary redundancy, illness, accident, or unemployment. It is different than income protection insurance which offers longer term income payment protection. Payment protection insurance typically [...] [...more]

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Payment Protection Insurance Provides Peace Of Mind

Payment protection insurance (PPI) is a way for Brits to protect themselves from a loss of income due to accidents, illness, or unemployment. For many people, a sudden loss of income can create substantial financial problems. Problems include an inability to provide for monthly family provisions and bills, as well as problems managing [...] [...more]

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The Federal Reserve And Refinancing

Does the recent lowering of interest rates by the Federal Reserve affect refinancing options? Here are the basics and a few key points to keep in mind: 1. In light of the recent financial turbulence that resulted from sub-prime mortgage lending, the Federal Open Market Committee (FOMC, or Fed) reduced the Fed Funds Rate. The Fed [...] [...more]

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Pre-Foreclosure And How To Use It To Your Advantage

Pre-foreclosure offers homeowners the opportunity to work with their lender in an attempt to rectify the situation and avoid foreclosure. If the borrower is able to become current on their mortgage payments within a short period of time, the lender will generally reinstate the loan and no further action will be taken. If the borrower [...] [...more]

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Interest Rate Imbalance

Borrowers who are unable to move their mortgages, or who are unaware that they can find better deals than those they are currently on, are helping to fund their mortgage lenders’ prime mortgages products. Borrowers who have home loans that are too small in value to qualify for low interest rates are forced to stay [...] [...more]

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The Higher Lending Charge Revolution

Several high profile mortgage lenders have begun to revolt against higher lending charges and chastise those who impose them on their customers. A higher lending charge (HLC) is a fee charged by a mortgage lender to a borrower if the loan-to-value ratio on their home loan product exceeds certain percentage – usually from seventy percent [...] [...more]

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Capped Mortgages Overview

Capped rate mortgages have variable interest rates that will not rise above a certain upper limit. The interest rate can rise or fall during the term of the mortgage, however it will not rise above the capped upper limit. This is designed to offer the borrower protection against hefty future interest rate rises. Interest on capped [...] [...more]

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Plenty Of Mortgage Lenders To Choose From

If you are looking for a mortgage for your home you may find that there are dozens of mortgage lenders to choose from that currently offer products on the UK mortgage market. The days of being forced to apply for a home loan from one of only a small selection of high-street banks has been [...] [...more]

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