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How LOs, mortgage execs are preparing for 2024

Housing Wire

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

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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.

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Understand home equity lending and how lenders can acquire home equity customers

Clear Capital

In this post, we will review the three primary home equity services lenders can offer customers to access their equity, and how lenders can quickly and efficiently identify customers that would benefit from and be eligible for home equity loans using AVMs. What is home equity lending?

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How to Find the Right Mortgage Loan for You

Assurance Financial

Mortgage Loan for You. Many homebuyers make a list of the things they’d like in their new home — including the number of bedrooms, the types of amenities and the size of the yard, to name a few. You have lots of options when choosing a mortgage. What Is a Mortgage? What Mortgage Do I Need?

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How to Build Equity in Your Home

Assurance Financial

There’s another benefit to homeownership, and that’s the chance to build equity in your home. If you live in the house for long enough and make enough payments on the mortgage, at some point, your property will be worth more than you paid for it. Another way that a home acts as an investment is through equity.