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Long-term (maturity period 15 to 30 years)
is obtained after
, usually to repay the short-term (non-permanent)
. Also called permanent financing or permanent
letter of credi...
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A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the property. A short sale home often has the owners still ...
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When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common mechanisms for this are a deed of trust or a ...
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