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What else can I help you with?
What did Lehman Brothers do that was risky and led to their downfall?
Sub-Prime mortgages bundled together; toxic assets.
What is one of the disadvantages of getting a government sponsored mortgaged?
Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.
What is a disadvantage of getting a government sponsored mortgage?
Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.
Are reverse mortgages considered risky or safe?
They can be risky because there are alot of upfront charges that you arnet told about at first. Also if you would like to qualify for medicaid in the future it may prove to be a barrier for you in that aspect.
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
Is one of the advantages of getting a government sponsored mortgage instead of a conventional mortgage?
Government mortgages charge lower interest rates than conventional mortgages.
What is a government insured reverse mortgage?
Most reverse mortgages today are government insured reverse mortgages. This simply means its an FHA loan. The FHA HECM program insures the loan to the lenders, provided they follow FHA's guidelines for doing reverse mortgages.
Who governs mortgages?
Banks and loan companies. The federal government has laws.
Where can one find self certified mortgages in UK?
Self certified mortgages in the United Kingdom are no longer offered, as they have been banned by the government and cannot be used to purchase real estate.
What are building society savings books?
that is how much you have saved by mortgages, and interest (%) that the government lets you save
How much of a government guarantee comes with reverse mortgages?
HUD guarantees reverse mortgages as large as 625000$. You can learn all about the program at http://www.hud.gov/offices/hsg/sfh/hecm/hecmabou.cfm.
How you can sell mortgages?
You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.
