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mortgage : Insurance

Mortgage Interest Help

In February 2009, the Making Home Affordable Act was introduced to the American public. This program was designed to help homeowners with high mortgage interest rates find a fast and viable solution.

Are There Closing Costs for a Second Home Mortgage?

Closing costs are a part of every mortgage process. However, although there are closing costs when you take out a second mortgage, you do not necessarily have to pay these costs. Lenders often agree to cover the closing costs for home equity loans and other types of second mortgages, although in som

How to Write Letters to Insurance Companies

You don't need to be a good writer to write a letter to an insurance company. You just need to know how to draft a concise letter with the right information in it to get what you want. Knowing how to write an effective letter to an insurance company could get you the positive results you are seeking

What Is MIP for Mortgage Insurance?

Mortgage insurance premium (MIP) is the name that FHA (Federal Housing Authority) uses for its insurance program which insures each and every loan that is financed through FHA. A small percentage of each loan is financed in the loan for the purpose of insuring the loan to the lender in case the borr

5 Ways to Raise Capital

Asset based financing – bank loans and receivable loans fall under this heading. There is an abundance of prime and sub prime lenders in this market broken down by loan size. As banks retrenched after

How to Calculate Mortgage Payments Online

If you are thinking about purchasing a home and want to get an idea of what your mortgage payment will be as well as if the payment fits your budget, it is a great idea to calculate your potential mortgage payment online. Before you get started, you should know how much of a loan you plan to take ou

Refinance your debts for one easy payment

Numerous people nowadays are concerned in the choice of repaying their finance deals through refinancing their home loan. Because of the fiscal slump, we all want to conserve a few bucks today. While it's correct ...

Understanding Second Mortgage

If you are finding it hard to manage various expenses, you have the option to go for a second mortgage. The amount that you can borrow from this mortgage is usually based on the present value of your

How to Find a Reputable Reverse Mortgage Lender

Reverse mortgages have become a popular lending option for seniors who are looking to increase their level of financial freedom. As with all loan products, though, it can sometimes be difficult to fin

Avoid Mortgage Scams

The idea of losing your home to foreclosure or short sale can be frightening. Not being able to pay the mortgage can drive some to take desperate actions. During these times, there are programs availa

What Happens When You Refinance Your Car?

When discussing refinancing plans, a borrower is most commonly referring to a home loan. But in some cases banks will also refinance a car loan. Refinancing is the process of transferring a loan to another loan that better fits the borrower. If you're considering this action, there are some things y

The Pros and Cons of Getting a Reverse Mortgage

One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. For many retirees, it seems like a solid idea. You get access to the equity in your home, and

Raise Money For Breast Cancer

Fundraising for a Cause offers fundraising merchandise at wholesale prices. Breast Cancer Fundraising, Autism Fundraising.

What Is the Average Credit Score for FHA Home Loans?

The Federal Housing Administration has helped Americans obtain affordable mortgages since its inception in 1934. FHA protects lenders by reimbursing them in the event of homeowner default, making them more willing to lend to people with less-than-perfect credit. It's an agency within the Department

FHA Rental Guidelines

Converting an existing FHA-backed loan to a rental property is possible, but would-be landlords should be aware that they will be subject to clear guidelines regarding the transition. Federal Housing Administration (FHA) loans have the underlying assumption that the home will be owner-occupied, howe