The Worst Mortgage Advice Home Buyers Actually Believe. » Mortgage Masters Group

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A Financial Hurricane Katrina – It’s like a financial Hurricane Katrina. What does today’s mortgage crisis mean to you? Is your family at risk of losing your home? Have the problems in the headlines spread to your neighborhood?.

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The worst part of their home loan nightmare was about to begin, as the Pazes became two of the thousands of Americans who have struggled with unresponsive or negligent mortgage servicers. Housing advocates say those problems haven’t stopped, despite government efforts to crack down on mortgage servicer abuses.

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Home Buyers' Top Mortgage Fears: Which One Scares You. – Fear No. 1: Not having enough money for a down payment. Being able to assemble a down payment is often the most daunting concern among home buyers, says Keith Gumbinger, vice president of mortgage research site HSH.com. But that’s largely because a lot of home buyers think they absolutely need to fork over a 20% down payment to get approved for a mortgage, which isn’t the case.

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Mortgage Masters Group: May 2016 – The Worst Mortgage Advice Home Buyers Actually Believe. Getting a mortgage is a daunting prospect, which explains why many people you meet may be eager to pat your hand and say, "Let me give you a little advice."

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