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What else can I help you with?
What is the perfect credit score in order to get a home loan?
A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.
What is a mortgage loan used for?
A mortgage loan is used to purchase real estate, usually a home.
How does one receive a cash back mortgage?
A cashback mortgage is a type of home loan product where an additional amount beyond the price of the home is financed into the loan so that the homeowners walk away with cash in hand which they can spend on other expenses related to buying a home, such as new furniture. Like any loan product, a cashback mortgage is one that prospective homeowners apply for at a bank or with a mortgage broker.
Can a primary mortgage be classified as a home equity loan?
Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.
When should people get second mortgages?
A second mortgage is similar to a first mortgage. It is a loan that is secured by your home. It is for a set amount and you will receive a one time payment for the amount of the loan. Then the payments are for a set amount each month for the set term of the loan.
Where can I go to get a Florida home loan?
There are a number of possibilities , however, I would check with Florida Mortgage first. Then follow up with Florida Home Loan, or any Bank. Many if not all Banks deal in mortgages.
What is the perfect credit score in order to get a home loan?
A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.
What is a mortgage loan used for?
A mortgage loan is used to purchase real estate, usually a home.
How do you prevent a home mortgage loan company from securitizing your loan?
You can not prevent home mortgage loan company from securitizing you loan. The only way out is do not default your repayment.
How does one receive a cash back mortgage?
A cashback mortgage is a type of home loan product where an additional amount beyond the price of the home is financed into the loan so that the homeowners walk away with cash in hand which they can spend on other expenses related to buying a home, such as new furniture. Like any loan product, a cashback mortgage is one that prospective homeowners apply for at a bank or with a mortgage broker.
Can a primary mortgage be classified as a home equity loan?
Yes. There are 2 ways to refer to a mortgage loan: 1) Lien position on the title (1st mortgage, 2nd mortgage) 2) Product type (loan type: 1st mortgage, home equity loan, home equity credit line) If you only need to borrow $10,000 for example, this will not meet the minimum loan amount for a first mortgage with most lenders. Therefore you may obtain a "home equity loan" which is more often used as a second mortgage, but it will be the primary loan on the home.
What is the mortgage origination date for your current home loan?
The mortgage origination date for my current home loan is insert date.
When should people get second mortgages?
A second mortgage is similar to a first mortgage. It is a loan that is secured by your home. It is for a set amount and you will receive a one time payment for the amount of the loan. Then the payments are for a set amount each month for the set term of the loan.
What is second home mortgage?
A second home mortgage is a loan that you take to purchase your second home.
What is the loan origination date for the mortgage on your new home?
The loan origination date for the mortgage on my new home is the date when the loan was first approved and funded by the lender.
What is considered a good refinance rate for a mortgage in Florida?
A good refinancing rate for a mortgage loan in Florida would be a very low rate. A rate under 5% would be a very good refinancing rate for a mortgage loan.
Where can one compare rates for a home mortgage loan?
There are many places where one can compare rates for a home mortgage loan. One can compare rates for a home mortgage loan at popular on the web sources such as Bank Rate and Bank of America.
