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  2. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    Some mortgage lenders offer their own down payment assistance to eligible borrowers. Bank of America, Chase and Wells Fargo, for example, offer down payment and closing cost grants. Other lenders ...

  3. Behind on mortgage payments? 6 ways to catch up - AOL

    www.aol.com/finance/behind-mortgage-payments-6...

    Here are six options to explore: 1. Forbearance. Mortgage forbearance is a type of payment relief that temporarily suspends or reduces your payments for a set period. During this period, the ...

  4. Guide to first-time homebuyer grants - AOL

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

    Here are a few options to explore: DPA second mortgages – A down payment assistance (DPA) second mortgage is available through many state housing finance agencies. In a DPA second mortgage ...

  5. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...

  6. Guide to no-down payment mortgages: Am I eligible? - AOL

    www.aol.com/finance/no-down-payment-mortgage...

    United Wholesale Mortgage, for example, offers lower- to moderate-income borrowers conventional mortgages paired with a no-interest, payment-deferred loan that covers a 3 percent down payment on ...

  7. Mortgage servicer - Wikipedia

    en.wikipedia.org/wiki/Mortgage_servicer

    A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]

  8. Major banks offer mortgage relief to Californians affected by ...

    www.aol.com/news/major-banks-offer-mortgage...

    The lenders, JPMorgan Chase, U.S. Bank, Wells Fargo, Bank of America and Citi, have committed to offer impacted homeowners a number forgiveness options: Mortgage Payment Forbearance: These banks ...

  9. Looking to refinance your FHA mortgage? Make it easier and ...

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

    Hold a government-back mortgage: In addition to FHA-backed loans, mortgages backed by the U.S. Department of Agriculture’s (USDA) or the Department of Veterans Affairs (VA) also qualify.

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