Mortgage Articles

1
Who pays closing...?

Closing costs are not always paid by the buyer. Although some sellers try to make these costs a part of the buyers out of pocket expenses, these fees are actually negotiable. Make sure you include your terms in your offer.

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2
Seller financing

A seller who considers financing the whole or part of the deal is usually called a "motivated seller". This is actually very common. You may have seen various infomercials promoting a "buy real estate with no money down" course. While criticized by many...... more... Mortgage lenders - You may decide to buy a house for the first time, and for that purpose looking for a right mortgage, that shall provide you with low interest rates.

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3
Mortgage lenders

You may decide to buy a house for the first time, and for that purpose looking for a right mortgage, that shall provide you with low interest rates. ......

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4
Discounted notes

Whenever someone gets a mortgage loan a "note" is created. A note is nothing more than a piece of paper that states how much you borrowed, at what percentage rate, how...

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5
Balloon payments

A balloon payment is sometimes placed into a contract for deed or a traditional financing mortgage. Balloon payments are not preferred because it tends to be a large...

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6
Lease option

Lease with option is basically a modified rental agreement. It includes an "option" to buy at the end of the lease term.

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7
Interest rates

Interest rates are always fluctuating. Lately they have gone down then increased and this has happened over and over.

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8
Buyers market

A buyers market is when you only have 1 buyer per property rather than a sellers market where a seller can recieve multiple offers.

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9
Sellers market

Sellers markets are not uncommon in large cities such as Los Angeles, Chicago, & New York. A sellers market is when...

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10
Wanted clauses

A home inspection clause is a must have. If you were to sign a contract without this clause and you found out later...

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11
Asset or Liability?

When you are growing up you are tought to go to school, get an education, and get a good job. Make sure you have...

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12
Flipping 101

Flipping is the art of buying wholesale properties, fixing them up (rehabbing), and selling them for a profit.

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13
Mortgage Fraud

Mortgage fraud comes in all forms. One that is common is when a seller is desperate and sells via the contract for deed...

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