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Mortgage Gift Letter – PDF Download

    FHA Gift Letter Download Most Government Home Loan programs allow gift funds to be used as a down payment. A gift simply money used to purchase a home that has not been saved by you. Gift money is extremely common in the world of real estate but if you receive a gift, you should know that there are

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The Basics of a Mortgage

    A mortgage is simply a loan that is used to buy your home. Mortgages are specific to purchasing real estate, but they are similar to other loans. You borrow a certain amount at a specified interest rate of interest over a number of years. The collateral to obtain a mortgage is the real estate. If the real estate

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How Avoid Paying Closing Costs

Buy a Home With No Closing Costs! Use our quick & easy tools to qualify now! PURCHASE REFINANCE How To Avoid Paying Closing Costs In addition to any  downy payment needed, you will also need to plan for closing costs when purchasing a home. Although no closing cost options exist, understanding how closing costs are paid for is an important

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Conventional Loans

Conventional Loans Low Interest Rates with Favorable terms Low Closing Costs Fast Closings A conventional (or conforming) loan is a loan that is not formally backed by any government entity such as FHA, VA, and USDA. Rather, it is a loan that follows guidelines set by Fannie Mac and Freddie Mae, two agencies that help standardize mortgage lending in the

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Mortgage Payment Calculator

Feedback | Contact Us | Loans By State   Need Help ? Chat or Call (518) 324-5544 Apply Now How To Use a Mortgage Payment Calculator Written By: Travis Carter : Loan Options A mortgage payment calculator is one of the most popular searches on Google. It seems every prospective home buyer is looking to the web to estimate how

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FHA Home Loans

FHA Home Loans An FHA loan is a mortgage loan with flexible guidelines backed by the Federal Housing Administration ( A Department of HUD). FHA loans are extremely popular with first time home buyers because they allow down payments as low as 3.5% and allow the seller to pay the borrowers closing costs. FHA has flexible credit requirements. FHA borrowers

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Never Pack Before a Clear to Close

It may seem like a good idea to get a head start on packing or give your landlord notice before you get a clear to close, but there are many reasons why this is a bad idea. To make the mortgage and moving process as comfortable as possible, do not give your landlord notice or pack a box prior to

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VA Home Loans

VA Home Loans The VA Loan was originally created to offer long term financing to eligible veterans or their surviving spouses. The VA loan offered financing opportunities for Veterans in locations where financing was not readily available. By guaranteeing mortgages, VA opened up lending in more rural communities that needed it most. The original Servicemen’s Readjustment Act was passed by

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Mortgage Preapproval

The mortgage pre-approval is an important first step in the home buying process. The pre-approval is not the same as a pre-qualification and is a much stronger representation of your ability to purchase a home. Know what documents you need to get pre-approved The Mortgage Preapproval Process A mortgage prepapproval means that the lender had received and reviewed all of

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The Appraisal

First time home buyer options and low mortgage rates! Use our quick & easy tools to qualify now! PURCHASE REFINANCE The Appraisal – Frequently Asked Questions One of the first steps in obtaining a mortgage loan is getting the appraisal. The appraisal is an independent report completed to determine the subject properties value. If you are applying for 100% financing

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