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  2. Mortgage seasoning: What is it and what are the requirements?

    www.aol.com/finance/mortgage-seasoning...

    FHA loan. 2 years for Chapter 7 or Chapter 11; 1 year for Chapter 13; 1 year with exceptions. 3 years. VA loan. 2 years for Chapter 7 or Chapter 11; 1 year and court permission for Chapter 13. 2 ...

  3. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    During the mortgage loan approval process, a mortgage loan underwriter verifies the financial information that the applicant has provided as to income, employment, credit history and the value of the home being purchased via an appraisal. [4] An appraisal may be ordered. The underwriting process may take a few days to a few weeks.

  4. Loan-to-value ratio - Wikipedia

    en.wikipedia.org/wiki/Loan-to-value_ratio

    Conforming loans above 80% are allowed but typically require private mortgage insurance. [1] Other over-80% LTV loan options exist as well. The Federal Housing Administration (FHA) insures purchase loans to 96.5% and the United States Department of Veterans Affairs and United States Department of Agriculture guarantee purchase loans to 100%. [2]

  5. How to prepare for FHA appraisal requirements - AOL

    www.aol.com/finance/prepare-fha-appraisal...

    You need to get an FHA appraisal when using many types of FHA loans, including: FHA purchase. FHA 203(k) FHA cash-out refinance. FHA Reverse Mortgage (HECM) You can skip the FHA appraisal if you ...

  6. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    The solution was to merge the latter-day wadset and gage for years into a single transaction embodied in two instruments: (1) the absolute conveyance (the charter) in fee or for years to the lender; (2) an indenture or bond (the defeasance) reciting the loan and providing that if it was repaid the land would reinvest in the borrower, but if not ...

  7. FHA streamline refinance: What is it and how does it work? - AOL

    www.aol.com/finance/fha-streamline-refinance...

    FHA streamline eligibility guidelines. ... You must refinance an FHA loan. This is the primary rule. In order to take advantage of the FHA streamline program, you must already have an FHA-insured ...

  8. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    FHA mortgage insurance premium (MIP) can be removed in two cases: first, if the initial loan-to-value ratio was less than or equal to 90%, second, if the FHA loan is refinanced. [32] In the first case, FHA MIP is automatically removed after 11 years on mortgages where the borrower made an initial down payment of equal to or greater than 10% of ...

  9. Lions, already decimated on defense, lose 2 cornerbacks to ...

    www.aol.com/sports/lions-already-decimated...

    The Detroit Lions' injury woes on defense continued Sunday, with the team losing two cornerbacks in the first half of their 48-42 loss to the Buffalo Bills.Carlton Davis III and Khalil Dorsey were ...