Home Equity

The Homebuying Process – Closing on your Home

Prior to the day of closing, you will receive HUD-1 Settlement Statement, which details the date and time of closing, which usually happens at a title company or an escrow office. The timeline is generally a month or two after your offer to purchase has been accepted by the seller. As a precursor of closing, …

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Flexible Mortgage Types, Loan Options for First Time Home Buyers

People who do not have enough to pay down at closing or bear the upfront costs are looking for a favorable mortgage option. FHA loans are good but not all can qualify for them. Some lenders offer special loans or loan combinations to help first time homebuyers as well as those who have limited income. …

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Green Tree Mortgage – Payment And Customer Service 800-643-0202

Green Tree Mortgage Servicing no longer exists. It has merged with Ditech Mortgage, resulting into the creation of Ditech Financial LLC, which operates as ditech, a Walter company. For updated information regarding payment and customer service, please visit this page. The following content is, however, maintained for historical perspective. Green Tree is one of the largest mortgage …

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PITI – The Components of a Mortgage Payment

Your mortgage closes successfully and you now live in a home that you can call your own. After the long, tedious buying process, you now enter mortgage servicing phase, taking aside a significant portion of your income every month to pay for your mortgage. What is PITI? But do you know what constitute your monthly …

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First Heritage Mortgage – Payment and Customer Service

First Heritage Mortgage, serving mainly the states of Virginia, Maryland and North Carolina, claims to rank among the top 100 mortgage companies in the United States. A direct lender, it is also regarded as one of the largest privately owned mortgage companies in the Washington DC. Among the home loan products available at First Heritage …

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How to Ensure the Lowest Rates When Refinancing?

You are at:Home»Refinance»How to Ensure the Lowest Rates When Refinancing? One important reason why you would want to refinance is the possibility of obtaining a lower interest rate than your existing mortgage. If you plan appropriately and prepare well, you are likely to lock in the lowest possible rate of interest, enabling you to make …

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The Right Time to Refinance – Some Refinancing Tips

You want to replace your existing mortgage, taking advantage of your improved income and favorable market. You simply need to refinance and get a new mortgage, replacing your existing one. But is it the right time to refinance? Here are some tips that help you determine whether you should proceed with a refinancing option. An …

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Five Most Important Questions to Ask Before Buying a House

Homeownership is a dream and a mortgage loan is the key to realize this dream. Before you can begin searching for a house and a suitable lender, you need to ask a few questions to determine if buying is indeed a good idea. Pause a while and ponder over these questions before you can move …

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The Basic Idea behind Refinancing

Refinancing is nothing but a replacement of your existing mortgage. It does not erase your debt, but helps to simplify payments. A refinance loan can help you do so by either lowering the interest rate or extending the loan term. Sometimes, you need a refinancing option to change your loan types – from an adjustable-rate …

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