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Posts Tagged ‘FAQ’

Avoid Foreclosure Glossary

A Abandonment The situation in which a homeowner leaves a house with no intention to return. Accrued Items of Expense Those incurred expenses that are not yet payable. The seller’s accrued expenses are credited to the purchaser in the...

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Avoid Foreclosure Frequently Asked Questions

It is understandable to have questions when coping with a new and challenging situation, especially when a home is at stake. The reality is that millions of homeowners across the country are finding out that they have more questions than answer...

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Home Financing FAQs

What do lenders generally focus on when you apply for a loan? Lenders look most closely at the “three Cs”-cash, credit, and collateral. Cash means you have enough money for a downpayment and closing costs. Good credit means you have borr...

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Home Buying FAQs

What is an adjustable-rate mortgage? An adjustable rate mortgage, or ARM, offers a lower initial interest rate than most fixed rate loans. However, that rate resets periodically, usually in relation to an index. When the rate changes, the mo...

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