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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. Homepoint has decided to pause on entering the non-QM fray.

Mortgage 393
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Does Refinancing Affect Your Taxes?

Assurance Financial

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. If you have equity in your home, you may be able to leverage it through a refinance. Make a Capital Home Improvement.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

To be eligible for a reverse mortgage, homeowners must meet certain criteria set by the Federal Housing Administration (FHA) and the Department of Housing and Urban Development (HUD). These criteria include being at least 62 years old, occupying the property as the principal residence, and having sufficient equity in the home.

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How to Find the Right Mortgage Loan for You

Assurance Financial

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). When you have a mortgage, the home acts as collateral. FHA loans can have terms of 15 or 30 years.