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Foreclosures create a major blemish on your credit report. You may pay a higher percentage rate for auto loans, consumer loans, and credit cards. Moreover, some lenders are unenthusiastic to grant you a new mortgage loan. Despite setbacks, obtaining a mortgage loan after a foreclosure is possible. Here are a few guidelines to help improve [...]
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Aug 2nd, 2009 | Filed under Mortgages
If you apply for a loan, 20 percent is the magical number you must focus on. If you put the amount or more down on a loan, you do not have to pay private mortgage insurance.Private mortgage insurance is the ultimate catch-22 when it comes to getting financing for a home purchase. Essentially, it is [...]
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Jan 27th, 2009 | Filed under Mortgages