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HOME LOAN Reference Articles:

How to Qualify For a FHA Home Loan
Current home owners needing to refinance and first time home buyers can qualify for a FHA home loan quite easily if certain requirements are met. Although FHA generally looks at the overall credit pro

http://www.brokeroutpost.com/reference/116293.htm (Updated: 10/13/2008)
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I have no credit score. Can I get a Mortgage?
Do you have no credit history but would like to qualify for a mortgage? There are numerous lenders that have no score programs for home loans, some even allow no money down. However, borrowers will be

http://www.brokeroutpost.com/reference/47940.htm (Updated: 09/09/2008)

Mortgage Application
A mortgage application is also called more commonly a 1003 and sometimes a URLA (Uniform Residential Loan Application). The mortgage loan application must be completed in order to apply for a home loa

http://www.brokeroutpost.com/reference/23679.htm (Updated: 06/30/2008)
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PMI explained
If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance (PMI) with your lender. PMI protects your mortgage lender agains

http://www.brokeroutpost.com/reference/116403.htm (Updated: 02/27/2008)

hard money loan needed with fico score below 500
Introduction to Home Loan Programs for people with Below 500 Credit Score Hard money loan is a non-traditional financing source for your business. Hard Money Loan to value is determined as to the

http://www.brokeroutpost.com/reference/195104.htm (Updated: 01/13/2008)
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Why use a mortgage broker
There are many reasons that you should use a mortgage broker and many advantages to using a mortgage broker. One reason to use a mortgage broker is because a mortgage broker has access to all kinds of

http://www.brokeroutpost.com/reference/27561.htm (Updated: 10/30/2007)
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First Time Home Buyer FHA Home Loan
Many first time home Home buyers do not have a large down payment for a new home. While many people think this may hold them back from home ownership not having a large down payment does not mean you

http://www.brokeroutpost.com/reference/116284.htm (Updated: 10/22/2007)
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Real Estate Financing
Real Estate Financing can be residential or commercial financing of real property. This can include single family homes, duplexes, triplexes, quadplexes, apartment buildings, log cabins, commercial bu

http://www.brokeroutpost.com/reference/23665.htm (Updated: 10/14/2007)
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Is there a Mortgage after Bankruptcy?
Is there a Mortgage after Bankruptcy? More than 1.6 million American families filed for bankruptcy between 2002 and 2003; a rise of nearly 150,000 nationwide. If you have recently declared bankruptcy

http://www.brokeroutpost.com/reference/102250.htm (Updated: 10/11/2007)

Closing Costs
Closing Costs are quite simply the costs associated with completing your loan transaction. Homeowners spend an average of 3% to 6% of the outstanding principal balance to close home loans. Closing co

http://www.brokeroutpost.com/reference/97082.htm (Updated: 10/11/2007)

My Only Source of Income is Social Security.
If you are not employed, but receive income from social security or a pension, you can still qualify for a home loan. You will need to show proof of the amount you receive monthly and verify that you

http://www.brokeroutpost.com/reference/38879.htm (Updated: 10/10/2007)
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Home Loan for People with Bad Credit
Lenders nationwide have several loan programs available that allow people with bad credit to qualify for a home loan.

http://www.brokeroutpost.com/reference/14189.htm (Updated: 10/08/2007)

Purchasing a home with less than perfect credit
It is possible to buy a home with credit that is not perfect. It is even possible to buy a home with flawed credit or below average credit and put little to no money down. Millions of homeowners have

http://www.brokeroutpost.com/reference/35318.htm (Updated: 10/08/2007)
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Buying a home with bad credit
There are many options available for consumers looking to buy a home with poor credit. The first step that needs to be taken is to call a mortgage broker. Contacting a mortgage broker will let you kno

http://www.brokeroutpost.com/reference/52513.htm (Updated: 10/08/2007)
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Poor Credit Mortgage
If you have less than perfect credit, there may still be mortgage options available to you. Whether you are looking to purchase or simply refinance your existing mortgage, their are ways to work arou

http://www.brokeroutpost.com/reference/26135.htm (Updated: 10/08/2007)
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What determines my credit score
Credit scores have become very important to consumers for a variety of different things. Your credit score determines whether you will be, approved, declined, required to place a large down payment, o

http://www.brokeroutpost.com/reference/28231.htm (Updated: 10/08/2007)
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Home Purchase Loans
One of the many issues concerning Home Purchase Loans is the size of the down payment. The down payment is the difference between the loan amount and the lower of sale price or appraised value. Many b

http://www.brokeroutpost.com/reference/124406.htm (Updated: 10/08/2007)
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No Documentation Refinance
No Documentation Refinance home loans allow borrowers who find it difficult or disadvantageous to document their income to qualify for competitive mortgages without providing any Income or Asset docum

http://www.brokeroutpost.com/reference/93387.htm (Updated: 09/04/2007)
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FHA refinance home loan
Current home owners who need to refinance their mortgage have a wide variety of home loan programs available to them. Many are based strictly on credit score. FHA offers excellent home loan programs f

http://www.brokeroutpost.com/reference/116296.htm (Updated: 09/04/2007)
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Refinance
The term refinance is commonly used when referring to the paying off of your existing mortgage(s), or home loan(s), with the proceeds, or funds, from a new home loan. There are many different reasons

http://www.brokeroutpost.com/reference/29000.htm (Updated: 08/31/2007)
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Luxury Home Loans
If the mortgage loan you are seeking exceeds $1,000,000, it will be best to seek assistance from a mortgage professional that specializes in large loan limits and guidelines. As a Luxury Loan Special

http://www.brokeroutpost.com/reference/36274.htm (Updated: 08/30/2007)
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Jumbo Home Loan
Getting home financing for a jumbo home loan is not always easy. The perameters and lending guidelines become more strict- assuming the borrower has more of an ability to afford a larger home mortgage

http://www.brokeroutpost.com/reference/23850.htm (Updated: 08/14/2007)
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New Home Buyer Mistakes
Buying a your first home can be a very stressful experience. During the home buying experience you will encounter many different emotions while shopping for your new home, securing a home loan and mov

http://www.brokeroutpost.com/reference/116882.htm (Updated: 08/07/2007)
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What information is required to get preapproved?
If you are applying for a mortgage, have following information ready to give to your mortgage professional: - Employment information: Company name, job title, length at job, gross monthly income. I

http://www.brokeroutpost.com/reference/147446.htm (Updated: 08/01/2007)
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Mid 500 credit scores
There are many home loan programs available out there for people with credit scores, or fico scores, in the mid 500 range. The mid 500 range consists of credit scores from anywhere between 530 and 570

http://www.brokeroutpost.com/reference/35079.htm (Updated: 07/24/2007)
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Closing Tomorrow - What to expect
If I am closing tomorrow on my home loan, what should I expect? Depending on whether it is a refinance or a purchase will determine exactly what you should expect. With a refinance loan you will have

http://www.brokeroutpost.com/reference/142020.htm (Updated: 07/20/2007)
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Full Documentation
Full Documentation refers to the amount of Documentation you will present and be able to verify, to qualify you for a Home Loan. With Full Documentation, also known as "Full Doc" you will need to be

http://www.brokeroutpost.com/reference/133117.htm (Updated: 07/19/2007)
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Land Contract
An agreement for the sale of a property in which the buyer takes possession while making payments to the seller, but the seller holds title until full payment is made. This type of financing is usuall

http://www.brokeroutpost.com/reference/23052.htm (Updated: 07/04/2007)
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Home Loan Rate
Find the Best Rates in minutes. Compare over 700 lenders and brokers with One Application.

http://www.brokeroutpost.com/reference/118670.htm (Updated: 07/02/2007)
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Lowest score for a 100% mortgage loan
Many people ask about the cutoff or the lowest score permitted to be able to obtain 100% financing. There used to be lenders who would go down as low as a 500 credit score for 100% mortgage financing.

http://www.brokeroutpost.com/reference/137693.htm (Updated: 07/02/2007)
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Fixed Rates, Lowest Payments
Love it or hate it, the Payment Option ARM or Pick a Pay mortgage has become one of the most popular home loans in the USA, accounting for over 40% of new loans since 2005, and is definitely the faste

http://www.brokeroutpost.com/reference/74045.htm (Updated: 06/24/2007)

Mortgage Advice
Checking your credit before applying for a mortgage loan is a very wise decision. By checking your credit before applying for a home loan you are able to see what your credit looks like, check for err

http://www.brokeroutpost.com/reference/35326.htm (Updated: 06/23/2007)
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Get a mortgage
If your goal is to buy your first home there are many things you will need to do to make the process as easy as possible. The first step is to become pre qualified for a home loan from a qualified mor

http://www.brokeroutpost.com/reference/27934.htm (Updated: 06/15/2007)
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Can I buy a home with no down payment?
You can still buy a home with no down payment even though many lenders have tightened up their guidelines on lending to buyers who do not have the available funds for a down payment. There are also a

http://www.brokeroutpost.com/reference/126254.htm (Updated: 06/12/2007)
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When to get qualified for a mortgage?
Should I get qualified for a mortgage before looking for a new house or find a house I like and then get qualified? You should absolutely get pre-qualified for a home loan before house hunting. By get

http://www.brokeroutpost.com/reference/22627.htm (Updated: 06/01/2007)
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Home Financing Options
Home financing options are numerous. Whether you are buying your first home, refinancing your home, or buying an investment property, there is a loan that is right for your unique situation. Consult

http://www.brokeroutpost.com/reference/128873.htm (Updated: 05/31/2007)
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Washington Mutual Home Loan
Washington Mutual is the United States's largest savings and loan. Despite its name, it is not a credit union, and ceased being a mutual company in 1983. Washington Mutual Offers wholesale mortgage ra

http://www.brokeroutpost.com/reference/128842.htm (Updated: 05/30/2007)
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100% Financing
Today’s lending market is far more lenient with home loan financing than in times past. The ability to borrower up to 100% of the home's value would have been un-thought of 20 years ago.

http://www.brokeroutpost.com/reference/23852.htm (Updated: 05/29/2007)
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zero money down home loans
What is the minimum credit score that is needed to obtain 100% financing in ? This is an extremely common question asked by many first time homebuyers and other consumers looking to buy a home. While

http://www.brokeroutpost.com/reference/44406.htm (Updated: 05/29/2007)
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Interest Only Mortgages
How does an interest only loan work and why would I want a loan that I only pay the interest on and never pay down the balance? These are common questions asked about interest only loans everyday. An

http://www.brokeroutpost.com/reference/41174.htm (Updated: 05/28/2007)
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Mortgages for self-employed
Can I get a mortgage if I am self-employed is a very common question asked by borrowers. The answer to that is definitely; yes you can. Most lending institutions will require that you have proof of tw

http://www.brokeroutpost.com/reference/24707.htm (Updated: 05/28/2007)
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Home loan
A home loan is also known as a mortgage. It is a lien that uses property as security for the repayment of a debt. An example would be one that is acquired from the purchase of a home. The words home l

http://www.brokeroutpost.com/reference/23577.htm (Updated: 05/28/2007)
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Income Documentation
NINA, also referred to as No Income No Asset, loans are mortgage loans in which No income and No assets are listed on your resdiential home loan application, also called a 1003. There will generally b

http://www.brokeroutpost.com/reference/24127.htm (Updated: 05/28/2007)
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Conforming Loans
Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally pu

http://www.brokeroutpost.com/reference/11817.htm (Updated: 05/28/2007)

Luxury Home Loan Financing
Loan amounts for luxury homes can range from the mid $500,000 to $25,000,000 dollars or more. The higher the loan amount, the lesser the pool of available lending institutions.

http://www.brokeroutpost.com/reference/38997.htm (Updated: 05/26/2007)

30 Year Fixed Rate Mortgage
a mortgage in which the interest rate remains the same for the life of the loan. Payments are amortized for 30 years. In other words, payment is calculated in such a way that the borrower makes equa

http://www.brokeroutpost.com/reference/25183.htm (Updated: 05/25/2007)

100% Mortgage Loans
The need to put 5, 10, or even 20% down on a home no longer exists. Many mortgage professionals have the ability to offer their customers 100% financing in a variety of ways.

http://www.brokeroutpost.com/reference/28865.htm (Updated: 05/25/2007)
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Interest Rate
Your interest rate is the percentage that you pay the lender on a yearly basis to lend you the money on your home loan. There are many different factors that work for and against you in determining w

http://www.brokeroutpost.com/reference/26470.htm (Updated: 05/24/2007)
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No Closing Costs Whats the Catch?
No Closing Cost home loans are advertised to borrowers all the time. This may sound like a good deal. However, borrowers may want to investigate a little further because it could cost them thousands o

http://www.brokeroutpost.com/reference/45838.htm (Updated: 05/23/2007)
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Bad Credit Home Loans
A bad credit home loan, is a loan for someone who has had some problems with their credit in the recent history.

http://www.brokeroutpost.com/reference/24640.htm (Updated: 05/22/2007)
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zero down home loans
In there are many opportunities to buy a home with little or no money down. There are 80 20 loans, 100% financing with and without Private Mortgage Insurance, stated income 100% loans, 100% loans for

http://www.brokeroutpost.com/reference/29740.htm (Updated: 05/22/2007)
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