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Bank offers a specialized equity loan. The loan is paid in full when the home is sold. The borrower agrees to sell within 12 months. "Because these are portfolio loans, we don’t generally have to follow Fannie Mae or Freddie Mac guidelines," says Jay Richardson, a senior loan officer with MVB Mortgage in Fairfax, Virginia.
Motivational (motivation, interest) letter for a mortgage is a written expose by the borrower or loan taker addressed to the loan giver, bank, real estate broker, accountant or any kind of institution with purpose to support the mortgage application.
How to Sell a Mortgage for the Highest Possible Price Did you give Owner Financing when you sold your home? Would you sooner have cash than keep that owner financing? Learn the secrets of the note-buying business. Who will buy your Owner Financed Mortgage. Most of the people advertising to buy your seller financed mortgage note are note brokers.
Your Smart Buy. Move up. Whether you are moving to an area where prices are in a downturn, or dreaming of nicer, bigger, home in your own town, selling your house now can get you into the home of your dreams. Falling home prices are a great opportunity for a.
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Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market.
Mortgage Masters Group Thanks for visiting our blog, where we guarantee you’ll find plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage. We also like to post technology and local interesting news.
For starters, some mortgage lenders have pre-payment penalties that kick in if you refinance your loan or sell your home within three to five years. Also, getting a mortgage can affect your credit scores, so if you apply for a refinance loan shortly afterward, it could influence your qualification requirements, making it difficult to get a new loan to replace the old one.