No one knows what the national economy will be like after the Covid-19 virus pandemic is contained. However, based on the history of past recessions, it could be a very scary economy, with high unemployment, slow growth and mass foreclosures. To offset this, many homeowners are now creating bank accounts ...
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In the past month there has been a drop off in requests for purchase mortgages and an increase in requests for cash-out refinance mortgages. A large number of applications are from homeowners that desire to get the maximum cash they can be approved for, and place it in a bank ...
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Cash-Out Refinance Mortgages: Poor Credit, High Loan-to-Value (LTV) Cash-out refinance mortgages are used to access cash from home equity for any number of purposes. However, home owners with poor credit are often precluded from getting these mortgages. Most lenders advertise cash-our refinances with minimum credit scores of 640 FICO and ...
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Home Finance in the time of the Corona Virus: The U.S. mortgage market is a service industry that has evolved into an efficient machine over the past fifty years. There are three distinct elements of that market: mortgage creation, mortgage packaging and sale, mortgage security investing and servicing. All three ...
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