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2. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

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

   Borrowers can use a USDA loan to purchase with no money down and roll closing costs into the loan. ... The My First Texas Home program is a low-interest 30-year loan with up to 5% interest-free ...

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

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

   When you buy a home with a mortgage, that mortgage is the first or primary lien on the property. A second mortgage is an additional lien tied to your home. In the case of down payment assistance ...

4. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015. Lenders are required to issue Loan Estimates within three days of receiving a complete loan application, per the TILA-RESPA Integrated Disclosure Rule (TRID).

5. Mortgage questions to expect from your lender - AOL

   www.aol.com/finance/mortgage-questions-ask...

   That means that your regular monthly obligations — including car loans, credit cards, student loans and your mortgage (if you get it) — account for less than 36 percent of your pre-tax income.

6. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   When the borrower refinances his/her loan, they can pay off the remainder of the debt. Example: If the borrower owes $1,500 in credit card payments and has a gross monthly income of $3,000, his DTI ratio would be 50%. But if the borrower owes $1,500 in payments and has a gross monthly income of $2,000, his DTI ratio would be 75%.

7. Qard al-Hasan - Wikipedia

   en.wikipedia.org/wiki/Qard_al-Hasan

   It is based on the principle of helping others without expecting a financial gain. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan). Al-qardh, from a shari’a point of view, is a non commutative contract, as it involves a ...