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Banks have a lot of money … but they don't have enough money to provide all the funding for loans that they need in order to be profitable without the help of the larger secondary market. The secondary market is where the primary lender can...
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With all the talk in the media about defaults and foreclosures, it’s not a bad idea to have an understanding of how loans are issued and how banks are protected when they issue loans. I t is getting harder to get a loan – even for well qualified...
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Let’s first eliminate a common misunderstanding. Banks do not GIVE mortgages. If you have a home with a mortgage, the bank owns the mortgage. How did they get it? You GAVE it to them. Most people say that they are going to get a mortgage when in...
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The perfect buyers market is at hand - but it will not last. Existing home sales have plunged to a 25 year low . The National Association of Realtors reported sales of single-family homes and condominiums dropped by 2.2% in December of 2007 to a seasonally...
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• 2,640 sq. ft., 2 bath, 5 bdrm 2 story - MLS® $459,900 Hidden Cove, Mount Pleasant - This is a beautiful large 5 bedroom home located in Hidden Cove, one of the most desirable and most convenient neighborhoods in Mt Pleasant just around the...
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