Mindblown: a blog about philosophy.
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What Is the Difference Between a Security Instrument & a Deed of Trust?
Mortgage lenders finance property loans according to your credit worthiness as well as income. The lender assumes the risk which you won’t repay the loan, so it ought to implement some type of protection for itself. With you — the borrower — signal a security instrument, the lender requires an interest in your property through…
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Can I Transfer a Deed for My House to My Kids Before I Die?
Planning for the family’s immediate and long term future is something all parents undergo at some point. Deciding what to do with your assets in the case of your death is simply one more step in this procedure. Because your home is likely the largest purchase you will make during your life, deciding what to…
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How to Do Color Wash on Brick
A color wash on brick uses the same general theory as a color wash on walls; the idea is to narrow the paint so the base color shows through. On brick, the method is often referred to as “whitewash,” normally involving paint and water. Brick can also be painted or stained with a non-diluted base…
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How Can I Refinance a Mortgage With a High Credit Score?
A high credit rating might help you secure a lower mortgage interest rate. In fact, lenders might offer to refinance your house loan with preferred interest rates, because a high credit rating indicates that you present a lower lending risk than someone with a marginal credit score. According to CNN Money, just borrowers with very…
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Rules on FHA Repair Escrow
An FHA repair escrow allows a borrower to purchase a home that requires repairs. Lenders typically will not issue a mortgage for a home that requires repairs, but the FHA, or Federal Housing Administration, has created a repair escrow application for mortgages which is designed for the purchasing and repair of a property at precisely…
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The Way to Compute Your Home's Value
The fair market value of your home may not be the price you paid for it. The value of a house changes with age, remodeling and the local home market, and the neighborhood around it varies. Knowing the value may be a significant element when dividing up an inheritance, assigning property after a divorce or…
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If I Buy a Home or Rent an Apartment?
The decision rent or to purchase impacts your bottom line for many years to come. While status may enhance, in addition, it brings the danger of depreciation and missing value. A rental might not be a significant asset, but it’s good for people who aren’t prepared to settle down quite yet. Perform a comprehensive check…
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Mortgage Underwriting Definition
As a prospective homeowner, you stand ready to pay hundreds of thousands of dollars in interest expenses over the span of a mortgage loan. On the other side of the deal, the bank is poised to collect thousands of dollars in annual interest income. The mortgage underwriting procedure provides for your entrance into the real…
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What Dictates Mortgage Prices?
Financial actors that are crucial and forces dictate moves in mortgage rates. As market forces push the economy via the anticipated growth and decline cycles, economic actors respond to counteract some adverse effects of slow growth and maximize the gains from economic expansion. These two pulls on economic performance influence how mortgage rates are created…
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What Is the Normal Closing Price to Refinance?
Refinancing your home mortgage appears to be a great concept, particularly in the event that you are able to get a much lower rate of interest or tap in your home’s equity for money. But realize that just like your initial home loan, there are costs associated with a refinance. Lending Tree quotes you’ll spend,…
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