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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

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California HAF requirements extended in bid to entice more beneficiaries

Housing Wire

The state of California has extended the eligibility rules for its mortgage relief program, funded by the Homeowner Assistance Fund (HAF) allocation in the American Rescue Plan Act of 2021. In the latest extension, assistance is available to qualified homeowners who’ve missed at least two mortgage payments by Feb.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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7 Strategies for real estate agents to slash taxes before year-end

Housing Wire

Use these seven strategies to avoid overpaying taxes, save money, and better manage your business. Identify business deductions Every business has ordinary and necessary costs, such as office equipment, marketing , accounting, and insurance , that are tax-deductible.

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

Realtor

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Will you even qualify for a mortgage? Unless you have enough money in the bank to buy a house with cash, you’ll need a mortgage. based in Troy, MI.

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Managing Your Client’s Expectations to Avoid Home Buyer’s Remorse

McKissock

As a real estate agent, your goal is to help your clients feel more confident with their decisions and not have any buyers’ remorse. After stepping away from the bidding wars, and finally moving into their new homes, these clients feel that they might have paid too much. Provide clients with accurate market research.

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

Housing Wire

During closing, buyers sign several legal documents and pay additional fees, some of which are recurring costs like property tax. Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments.