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How a mortgage works?
It's a loan in which the house functions as the collateral. If you don't pay your mortgage (fixed amount agreed upon) then you lose your house (the collateral).
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After foreclosure how can you obtain a new mortgage?
Contact a lender who specializes in lending to people with low credit scores. Your community bank might also be interested in lending you money, so contact them too. Another perspective Responsible...
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What banks will refinance a new mortgage?
Many banks will refinance a mortgage but it depends on your credit record and the equity in the property. It would be impossible to provide a list of banks. You need to shop around in your area to...
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How does cosigning on a mortgage work?
You assume responsibility for a loan for a house. It is not a recommended thing to do, because non payment can affect your credit rating. Also, the amount of the loan affects your debt to income...
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How does new credit work?
Let me tell u this is a good question and I am the 1 who had my fico score go from 565 to 703. U first have to get your credit pulled from the three companys
Transunion,Equifax and Experian.After...