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2. How to get a mortgage - AOL

   www.aol.com/finance/mortgage-180956822.html

   How to get a mortgage Step 1: Strengthen your credit. ... Term length: Most home loans have 15- or 30-year terms, although there are 10-year, 20-year, 25-year and even 40-year mortgages available.

3. First-time homebuyer guide - AOL

   www.aol.com/finance/first-time-homebuyer-guide...

   Explain your credit and financial circumstances: As a first-time buyer, you might not have a long credit history, plan to use a gift funds for a down payment or earn income through a gig work or ...

4. 6 ways to get the lowest rate on your next mortgage - AOL

   www.aol.com/finance/how-to-get-best-mortgage...

   Here's what typically qualifies a borrower for the best mortgage rate available: Credit scores of 760 or higher. Low debt-to-income ratio — or your debt in comparison to your income.

5. Mortgage prequalification vs. preapproval: How to time these ...

   www.aol.com/finance/mortgage-prequalification-vs...

   It involves filling out a full mortgage application, uploading financial documents and undergoing a hard credit check. You’ll want to get preapproved for a mortgage before you begin your house hunt.

6. Truth in Lending Act - Wikipedia

   en.wikipedia.org/wiki/Truth_in_Lending_Act

   Truth in Lending Act; Long title: An Act to safeguard the consumer in connection with the utilization of credit by requiring full disclosure of the terms and conditions of finance charges in credit transactions or in offers to extend credit; by restricting the garnishment of wages; and by creating the National Commission on Consumer Finance to study and make recommendations on the need for ...

7. How to get a mortgage when you’re self-employed - AOL

   www.aol.com/finance/mortgage-self-employed...

   VA mortgage: VA loans are available to current service members and people who were previously active-duty. Requirements depend on the time of your service. Requirements depend on the time of your ...

8. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

9. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   For balloon payment mortgages without a reset option or if the reset option is not available, the expectation is that either the borrower will have sold the property or refinanced the loan by the end of the loan term. That may mean that there is a refinancing risk. Adjustable rate mortgages are sometimes confused with balloon payment mortgages ...