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The relationship between the amount of the mortgage loan and the appraised value of the property expressed as a percentage. mortgage insurance (mi) cost of insuring the mortgage when the down payment is less than 20 percent. Origination Fee. What the lender charges the borrower for making the mortgage loan.
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Mortgages with an LTV over 100%. You can get mortgages with a loan to value of more than 100%, but they are usually only available to existing customers. You may be accepted even if your home is worth less than the amount you owe on your mortgage. The maximum LTV is usually 120%.
The number of Dallas-area homeowners with late mortgage payments hit a record again in April. foreclosure filings have been recorded in the four-county Dallas-Fort Worth area, 10 percent more than.
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