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mortgage : Insurance

What Are The Keys For An Effective Loan Modification Hardship Letter

A quality hardship letter goes a long way towards getting your mortgage modified. The main purpose of the letter is to explain your financial situation and how you plan to get out of it. This article will help you understand how to write an effective letter to your lender.

License Information for Mortgage Brokers

Mortgage brokers typically operate as independent business owners who use a network of lenders to help consumers obtain financing for home loans. You can investigate opportunities to acquire a mortgage broker's license. As a licensed mortgage broker, you can use your knowledge and training to assist

What Does "Capitalized Interest" Mean?

Capitalized interest may apply to certain long-term loans that, when borrowed, are scheduled to have a delay in repayment for a specified reason. The lender and borrower generally agree upon approved reasons for payment delay at the time of the loan. During the time payments are deferred, the amount

Working With Mortgage Modification Companies

The HAMP government program was designed to provide assistance to many people who were struggling with their mortgage payments because of the depressed economy that has left so many out of work or working for less money than their budget supports.

Is Stretching Yourself Into A Big Mortgage Wise?

As a mortgage broker I often get the same queries again and again. This one about stretching into a big mortgage is a typical example. 'I have recently found a property which is probably around ...

How to Compute a Fixed-Rate Mortgage

Fixed-rate mortgages are one type of mortgage product offered by lenders. With a fixed-rate mortgage, you lock in the interest rate that you will pay for the life of the mortgage. Your interest rate will not increase if rates rise, nor will interest rates fall if interest rates go down. These loans

Reverse Mortgage Rates

All Reverse Mortgages is dedicated to helping retirees and seniors live in financial comfort. The goal is to educate about reverse mortgages and assist in the next step of speaking to a reverse mortgage approval. Please feel free to browse our site to look into the reverse mortgage process to see if

How to Process HUD FHA Mortgage Refunds

Processing a Housing and Urban Development (HUD) and Federal Housing Administration (FHA) mortgage insurance premium refund is not a complicated task provided you are entitled to receive a refund. If you have an FHA loan or HUD-insured mortgage, you may be entitled to receive such a refund if you ac

How Are Adjustable Rate Mortgages Calculated?

Adjustable rate mortgages (ARMs) provide significant advantages over their fixed-rate counterparts. However, they also represent more risk to the investor and to the borrower. ARM payments by definition adjust either up or down on a predetermined schedule. If you know how to calculate the rate and u

Equity Release CalculatorCalculate Yourself

Every one wants to buy a home of his dreams but only a few actually manage to achieve it. It is not that one cannot afford it. But it is due simply because one has to look at many other things at the same time. Like the day to day life should also not be hampered.

How to Choose a CeMAP courses

It is an accepted fact that mortgage advisers are relatively scarce and there is a growing demand for qualified mortgage professionals.

Information on Getting a Second Mortgage

Second mortgages can include home equity loans and home equity lines of credit which place a second lien on a real estate property. Owners apply for second mortgages in order to borrow cash from their equity and complete home projects, pay for school or pay off high interest credit cards. There are