Springleaf Financial Services – Mortgage Payment and Customer Service

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Based in Evansville, Indiana, Springleaf Financial Services is a financial company that provides consumer lending, credit insurance, and several credit related products. The company was founded in 1920 and it was formerly known as American General Finance. Springleaf Financial started as an underwriting company for sales of motor vehicles. At present, Fortress Investment Group and …

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Guild Mortgage Company – Payment and Customer Service

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Headquartered in San Diego, Guild Mortgage Company began as a home financing company for American Housing Guild in 1960 to presently become a nationally recognized mortgage banking company serving homebuyers across the nation. Today, Guild Mortgage Company has over 250 branches and satellites offering a wide range of mortgage products to buyers with different needs. …

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Federal Mortgage Laws and Borrowers’ Rights

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You are going to take the biggest financial decision of your life. It is important that you are aware of the laws and regulations that are there to protect you from mortgage scams, frauds and discrimination based on race, color, religion, national origin, age, sex, marital status, or disability. Laws and Acts by Federal Government …

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Mortgage Education and Learning Resources

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Mortgage learning is easy with numerous resources, online as well as offline, available right at your doorstep. There are federal and state governments’ institutions offering advice and educational material for free and private organizations that might charge a fee for homebuyer learning classes. Online education programs are usually free, but you need to pay for …

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Financial Analysis Terms – Assets, Liabilities, Income, Expenses

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You need to understand the terms associated with assets, liabilities, income and expenses for an effective analysis of your financial situation, which is a necessary step of the mortgage process. The following are some of the mortgage jargons that you come across while going through the process of financial analysis. What is the process of …

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Capacity – The First C of Mortgage Underwriting

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The mortgage underwriting process has become stringent post subprime loan crisis. The underwriter looks in detail in every aspect of your financial life, seeking explanations of everything that might cause you to miss a payment in future. The ability to make mortgage payments on time is known as capacity, which can be vital for a …

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Mortgage Financial Analysis and Budgeting

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Financial analysis is an important step to determine homeownership capability. You get to know whether or not you can afford a home, and if yes, then how much you can afford. Budgeting, on the other hand, can help you save and make homeownership affordable for you. The mortgage underwriter, too, takes a closer look at …

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Buying Bank of America REO Properties – Foreclosures

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Bank of America foreclosures are real estate owned (REO) or bank-owned properties, which are maintained by professional asset managers and listed in major property search listings across the nation. You can check with the bank’s REO department or use other resources to find a residential or commercial property that you can easily afford to buy. …

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U.S. Bank Mortgage – Retail and Wholesale

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U.S. Bank is one of the ten largest banks in the United States in terms of assets and the number of branches. Headquartered in Minneapolis, The bank offers a wide variety of financial services in 25 Midwestern and Western states through more than 3,000 branches and over 5,000 ATMs. The home mortgage department of the …

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