7 Mortgage Myths That Still Befuddle Borrowers » Mortgage Masters Group

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Age is a significant barrier for many potential borrowers, as detailed in this interesting article about mortgage choices for older people by Chiara Cavaglieri in the Independent. The recent global economic difficulties have had far reaching effects and one is a list of stricter rules and regulations surrounding mortgages.

7 Mortgage Myths That Still Befuddle Borrowers Borrowers continue to get smarter about the mortgage process, but from questions about closing costs to the minimum down payment and credit score needed to qualify, there s still a lot that can keep consumers confused during the origination process, or worse, on the sidelines of the market entirely.

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They’re also paying off student loans while fording this financial crisis. If they’re still in college, they might be having trouble getting loans. Add to that the fact that they’ll be the ones.

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Borrowers Still Dumping Adjustable Rate Mortgages. However, the report revealed that refinancing into a 30-year fixed-rate mortgage among borrowers who originally had an adjustable-rate or a fixed-rate loan increased in the third quarter of 2007 compared to the prior quarter.

How to Qualify for a Joint Mortgage When the Co-Borrowers Have Bad Credit A joint mortgage is traditionally signed by a married couple in order to share the burden of paying off a home loan. Both parties will have to be present on the application and take part in the negotiations.

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A Guide to Government Programs For Helping Mortgage Borrowers. The Borrower’s Obligation to Use Savings Refinance or Modify While It Is Still Possible. Playing Field? Then Shop With the Professor and Get His 5 Levels of Protection. Receive His Help in Finding the Type of Mortgage That Best.

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