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Dennis London

Florida Real Estate Broker - active in the market and full of ideas

A little footnote on the state of the mortgage business

Look at the statistics on foreclosures:

 

  • 98.7% of mortgages are NOT in foreclosure.
  • 97.4% of mortgages are paid on time
  • 1.28% of mortgages ARE in foreclosure.
  • Only 10% of mortgages are subprime loans.
  • 8% of subprime mortgages are in foreclosure or delinquent.

Published Sunday, August 19, 2007 7:13 AM by Dennis London

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# re: A little footnote on the state of the mortgage business @ Monday, October 08, 2007 10:25 AM

After months of hearing the negative about the market, it's refreshing to hear a balanced approach.

Thank you,

Tonya Heathco,President

Imperial Notes Inc.

Buying,Selling,Coaching in Todays Private Mortgage Market.

imperialnotes@yahoo.com

Tonya Heathco

# re: A little footnote on the state of the mortgage business @ Sunday, January 20, 2008 11:18 AM

Using term life insurance to insure your mortgage can be less expensive than the coverage offered by the bank. Term life insurance also gives the policyholder, not the lender, the control of naming the beneficiary. The policyholder can also choose a term life policy that converts into whole life insurance once the term has been completed for ongoing coverage. Many of these conversion policies are based on the information given in the initial application, and no further medical questions will be asked. To learn more about using term life insurance to protect your mortgage, please visit us at http://www.life-insurance-quotes.ca. Remember, bank mortgage insurance protects the lender, term life insurance protects you!

Life-Quotes.ca

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