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mortgage : Insurance

Is a Spouse Liable for a Mortgage After Divorce?

Married couples often take a mortgage to finance their home. Unfortunately, not all couples stay together through the life of their mortgages. When a divorcing couple has a mortgage liability for the debt depends on if both parties signed the loan and whether they live in a community property or sep

What Is a Wholesale Loan?

Wholesale loans are loans made by banks through their third-party lending partners such as brokers and mortgage bankers. There are advantages and disadvantages to wholesale loans.

Quit Claim Deed Fraud

Quitclaim deed fraud has become very common and can take various forms. The mortgage industry often helps imposters by offering them loans against properties which are used for quit claim fraud.

Explain Refinancing a Mortgage

When you refinance your mortgage loan you must submit certain documentation such as pay stubs, tax forms and a home owner's insurance policy to your lender for review. A loan officer will review your information after you have applied to see if you qualify for refinancing. Your credit report will be

Choose Right Mortgage Company

Entering into a mortgage market to choose a best deal for you is a nerve wrecking task. With so many mortgage options and so many alluring companies available, it is tricky to determine which work wel

Can I Deduct Mortgage Insurance Premiums Listed on My 1098?

If you are paying a mortgage, you may also be paying mortgage insurance. Federally-backed loans, such as FHA loans, require that borrowers pay mortgage insurance, as do many private lenders and banks. The insurance goes to a fund that defrays the losses incurred by the lender when borrowers default

How to Compare Mortgage Deals

Buying a home is a large investment, and most people end up paying their mortgage for 15 to 30 years or longer before they fully own their home. During this time, a homeowner will end up paying more than originally borrowed in interest. Taking some steps to compare mortgage deals can potentially sav

Can My Mortgage Company Garnish My Wages If I Am on Social Security?

Some creditors will attempt to incur payment for an overdue debt by garnishing the wages of the person who owes the money. If a person falls behind in his mortgage payments, he may find himself in debt to his home loan lender. In many cases, a mortgage company will simply foreclose on the individual

Loans for People on Benefits Good Credit for Easy Loans

Mortgage Loan you could request individual advances with terrible credit and in the meantime enhance your poor credit standing. Yes, it not difficult to make such credits now. Take them as risks to repair your ...

What Is the Difference Between a Title Company and a Mortgage Loan Company?

A title company and mortgage loan company are different types of companies working together to help you obtain and close on your mortgage loan. Basically, a mortgage loan company originates mortgage loans, while a title company performs a title search on the property and offers title insurance.

Reasons Why You Can't Refinance a Mortgage

Several factors will prevent you from refinancing your mortgage. Lenders have certain guidelines and qualifications that you must adhere to. Each mortgage company or bank has its own requirements. Before you attempt to refinance it's a good idea to research several lenders to see which has the most

Cash Out Refinance Restrictions

There are two types of refinances: a cash-out loan or a rate-and-term loan. Rate-and-term loans involve less risk to the lenders; therefore, they make this type of loan with higher allowable loan-to-value ratios and lower costs. Cash-out loans are typically limited to 80 percent of your home's value