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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Not tax advice.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

“Something buyers aren’t aware of is that the appraisal process can take a while, depending on location, geography and the number of appraisers available at a company,” said Anthony Masseria, Vice President and Area Lending Manager at Citi. Because there are so many different parties involved in the closing transaction, communication is key.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Hammond , a Chase private-client home lending adviser. When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. Keep in mind that property taxes vary widely by state and city.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Hammond , a Chase private-client home lending adviser. When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. Keep in mind that property taxes vary widely by state and city.

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Choosing the Right Lender

PennyMac

Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. Mortgage brokers work independently with a variety of loan originators, including direct lenders, to help clients find a mortgage that fits their needs. Mortgage brokers.

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Understanding Mortgage Payments

Assurance Financial

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. Ownership: Once the loan is fully repaid, you own the property outright. The purpose of interest is to reward the lender for taking the risk of lending to you. What Is Included in a Mortgage Payment?

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

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