Loan vs. Mortgage
Mortgages are types of loans that are secured with real estate or personal property. A loan is a relationship between a lender and borrower. The lender is also called a creditor and the borrower is called a debtor. The money lent and received in this …
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10 Mortgage Misconceptions
With the real estate market picking up and mortgage rates prime for refinancing, Zillow has compiled a list of common mortgage misconceptions based off the results of the just released 2013 Mortgage IQ Survey. Mortgages are tricky and often hard to understand.
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The RMG Mortgage — 2013 Mortgage of the Year
“Furthermore, if the investor buying the mortgage is regulated by OSFI, again a 35-year amortization is not available. It’s the ability to not be OSFI-regulated while establishing a non-regulated investor interested in purchasing the mortgage that …
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7 Secrets to Refinancing an Underwater Mortgage
If you pay your mortgage on time, you may be able to refinance even if you are among the approximately 22% of mortgage holders in the U.S. who are underwater, have been turned down by multiple lenders, and heard that you don’t qualify for a new loan.
Read more on wisebread.com