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Adjustable-Rate-Mortgages: Features,
Benefits and Risks
Lenders generally charge lower initial interest
rates for ARMs than for fixed-rate mortgages, making
ARMs easier on your pocketbook at first ... more
Income Tax Deductions: Home Refinancing Points
I refinanced my home last year and paid points. Are they all deductible
this year?
Generally points paid to refinance your home are "amortized" or
deducted over the life of the loan ... more
Lender Complaint Letter
Under federal law, lenders must acknowledge your complaint within 20 business days and resolve it within 60 business days ... more |
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Cancellation of Private Mortgage Insurance (PMI)
If you meet the eligibility criteria, your PMI must - with certain exceptions - automatically terminate when you reach 22 percent equity in your home ... more
Home
Improvement Loan
These may be used to finance permanent home
improvements, rehabilitation, building alterations or repairs
that protect or improve the basic livability or utility of
the property ... more
Mortgage Glossary
Confused about a word or mortgage term that you have encountered? Look it up in our mortgage glossary, or search our site for a related article ... more |
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