Answers to the Top 6 Most Commonly Asked Mortgage Questions

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Top 5 Most Frequently Asked Mortgage Questions Our real estate experts have put their heads together on the most commonly asked questions they get from Members. Q. Do I really need a 20% down payment to purchase a home? A. No. There are several other loan options available that allow you to put as little as 5%, 3%, or even 0% down.

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From Loan Officer to Credit Investigator: 19 Common Mortgage Job Interview Questions & How to Answer Them. But before you can snag an attractive job offer at a top employer, you need to make a great impression in your job interview. 6. What are three skills you think a good loan officer should have?

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Discover the 10 most commonly asked mortgage questions to better understand the process of obtaining your financing. Whether it be your first time or not.

5 Top Mortgage Questions You Should Ask Your Lender Greg Lewerer | May 18, 2018 Most people know a mortgage is some kind of loan thingy that a bank gives you to buy a house, and in return you have to give them monthly payments for the rest of your life.

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It is required on mortgage programs that require little or no down payment and the lenders exposure is greater than 80% of the purchase price or appraised value, whichever is less. Mortgage insurance can be avoided by utilizing loan programs such as an 80/20, in which a 1st mortgage (80% LTV) and 2nd mortgage (20% LTV) are taken on the property.

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That’s why why we asked a group of financial advisors. What are we aiming to achieve and what type of life do we want to.

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