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2. Bridge loans: What are they and how do they work? - AOL

   www.aol.com/finance/bridge-loans-161837154.html

   Bridge loan requirements. Credit score: Because bridge loan lenders have much more underwriting flexibility, you might be able to get a bridge loan with a credit score as low as 500. Other lenders ...

3. What Is a Bridge Loan? Here’s What Homebuyers Should Know - AOL

   www.aol.com/bridge-loan-homebuyers-know...

   Timing is everything when you're selling one home to purchase another. If all goes well, you'll close on your sale right before you close on the purchase. That way, you can pay off your existing...

4. Income requirements to qualify for a mortgage - AOL

   www.aol.com/finance/income-requirements-qualify...

   For example, if your gross income is $6,000 per month, your mortgage payment should be no more than $1,680 (28 percent of $6,000), and your total debt payments (including the mortgage) should max ...

5. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

6. Bridge loan - Wikipedia

   en.wikipedia.org/wiki/Bridge_loan

   A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. [1] [2] It is usually called a bridging loan in the United Kingdom, [3] also known as a "caveat loan," and also known in some applications as a swing loan.

7. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   The CFPB requires that lenders provide customers with a Loan Estimate to help them understand the full cost of buying a home with a mortgage. [1] The Loan Estimate replaces the Good Faith Estimate, or GFE, that was used prior to 2015.