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What are some important tips to consider while taking a home mortgage loan?
Asked by unknown
1 Answers
Some tips you should consider while taking mortgage include 1. Save some money for down payment 2. Improve creditworthiness 3. Research about the loan types 4. remember budget 5. Consult a professional before taking a loan.
What is the difference between a home loan, mortgage loan and a loan against property?
Asked by unknown
1 Answers
Home loan is a loan which is acquired by any financial institution, banks to purchase a home. A home loan can be of fixed rate, adjustable and payment terms. It is also known as a mortgage loan. A Mortgage Loan is to the real property as a guarantee for a loan. People use the loan amount provided by the creditor to buy a house which is known as a m
When does mortgage insurance appear on TRID loans?
Asked by unknown
1 Answers
Certain MI rate plans must appear in the “Other Costs” section, while other rate plans may or may not appear on the forms.MI that DOES appear on the LE and CD forms as “Other Costs – Prepaid:”BPMI (Borrower-Paid) SingleSplit PremiumAnnualMI that MAY appear on TRID forms as “Other Costs – Initial Escrow Paym