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2. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   This amount is divided by the debt that the borrower wants to pay off plus other disbursements (i.e. cash-out, 1st mortgage, 2nd mortgage, etc.) and the appraised value (if a refinance) or purchase price (if a purchase) {which ever amount is lower} and converted into yet another ratio called the Loan to value (LTV) ratio. This ratio determines ...

3. History of monthly mortgage payments: Comparing costs then ...

   www.aol.com/finance/history-monthly-mortgage...

   Monthly mortgage payments by year The other piece: incomes. From 1984 to 2021, the median household income went from $58,930 to $79,260, according to Census estimates.

4. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

5. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   The fixed-rate mortgage was the first mortgage loan that was fully amortized (fully paid at the end of the loan) precluding successive loans, and had fixed interest rates and payments. Fixed-rate mortgages are the most classic form of loan for home and product purchasing in the United States. The most common terms are 15-year and 30-year ...

6. Adjustable-rate mortgages: What they are and how they work - AOL

   www.aol.com/finance/adjustable-rate-mortgages...

   What are the requirements for an adjustable-rate mortgage? The basic requirements for an ARM loan include a credit score of at least 620 and a debt-to-income ratio (DTI) of 50 percent or less.

7. How to pay for home improvements - AOL

   www.aol.com/finance/pay-home-improvements...

   The amount you owe will increase with a cash-out refinance, putting you deeper in debt. You need to have good to excellent credit to qualify for cash-out mortgage refinancing.

8. Mortgage origination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_origination

   In consumer lending, mortgage origination, a specialized subset of loan origination, is the process by which a lender works with a borrower to complete a mortgage transaction, resulting in a mortgage loan. A mortgage loan is a loan in which property or real estate is used as collateral.

9. Closing (real estate) - Wikipedia

   en.wikipedia.org/wiki/Closing_(real_estate)

   The closing date is set during the property negotiation phase and is usually several weeks after an offer is formally accepted. [2] At a high level, the closing typically involves the following parties: the seller, the buyer, real estate agents, attorneys (depending on the state), the mortgage lender, and the settlement agency (also known as a ...