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  2. How To Save For a Down Payment on a $50,000 Salary ... - AOL

    www.aol.com/save-down-payment-50-000-120048099.html

    While a 20% down payment was once the standard, there are also options as low as 3% to 5%. For example, conventional loans typically require 3% to 20%, with private mortgage insurance (PMI) added ...

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

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

    A no-down payment mortgage is a home loan that allows you to finance 100 percent of the home’s purchase ... payment-deferred loan that covers a 3 percent down payment on homes priced up to ...

  4. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.

  5. Federal Housing Administration - Wikipedia

    en.wikipedia.org/wiki/Federal_Housing_Administration

    Additionally, 23% of all homebuyers opt for an FHA loan, with 28% of those aged 37 or younger choosing this financing option. Among the challenges faced by homebuyers, 13% of all buyers and 24% of those under the age of 37 find the down payment requirement to be the most daunting task. On average, the down payment amount is $6,624.

  6. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    As per the foreclosure data report of RealtyTrac for January 2014, 1 in every 1,058 homes in U.S. received a foreclosure filing. This figure falls in the higher spectrum of foreclosure frequency. As of August 2014, the foreclosure rate was 33.7%, 1.7% up from the last year.

  7. Missing mortgage payments: How many can I miss before ...

    www.aol.com/finance/missing-mortgage-payments...

    Credit score. Missed mortgage payments. Damage to score. 793. 1 (30 days past-due) 63-83 points. 710. 1 (30 days past-due) 45-65 points. 607. 1 (30 days past-due)

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