Advanced search

42 search results

Page 4 out of 5 Pages

  • Funding, Finance and Credit: Are there government programs for rehabbing a house?
    Answer: Government programs for rehabbing a house apply to owner occupant purchaser rather than investors. The U.S. Department of Housing and Urban Development's Section 203 (K) ...
  • Contract and Legal Issues: Can I give my house back to the lender?
    Answer: On One Hand: Proceed With CautionYes, you can give your house back to the lender in what is called a voluntary foreclosure, according to the ...
  • Contract and Legal Issues: How do I do a short sale without affecting my credit?
    Answer: Avoid Late PaymentsKeep payments on your home current if at all possible. Late payments can cause your credit score to drop significantly. You will lessen ...
  • Creative Deal Structuring: What is a cash-out refinance?
    Answer: A transaction in which the new loan amount exceeds the total of the principal balance of the first mortgage and any secondary mortgages or liens, ...
  • Funding, Finance and Credit: What is a Debt Ratio?
    Answer: Also known as debt to income. The ratio of the total of minimum monthly debt payments to gross monthly income. If a person’s minimum monthly ...
  • Funding, Finance and Credit: What is a lifetime cap?
    Answer: The highest amount that an adjustable mortgage can be raised over the initial interest rate. These caps usually fall within the range of 5.0% - ...
  • Funding, Finance and Credit: What is an adjustable rate mortgage(ARM)?
    Answer: A mortgage loan whose rate may be changed at specific intervals over the life of the loan. Usually ARM's "reset" every 3 or 5 years, ...
  • Funding, Finance and Credit: What is an assumable mortgage?
    Answer: An existing mortgage in which the new purchaser of a property is made liable for the payments and any other obligations of the note and ...
  • Funding, Finance and Credit: What is owner/seller financing?
    Answer: Seller financing is when a seller helps to finance a real estate transaction by taking back a second note or even financing the entire purchase ...
  • Funding, Finance and Credit: What type of mortgage is best to get on investment property?
    Answer: There are many differing opinions on the ideal length of a mortgage. Current wisdom is to stretch it out as long as possible, provided that ...

Most Popular Searches


Most Viewed Knowledge