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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

With all of this in mind, why would baby boomers move into a new home, where their expenses would be exponentially higher due to higher mortgage rates , increased inflation and current economic concerns? Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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A First-Time Home Buyer's Roadmap: Steps to Take Now for a Smooth Journey Ahead

Eppraisal

In this guide, we'll walk you through the essential actions you should start now, setting you on the right path to make informed decisions and secure your dream home. Assess Your Finances and Set a Realistic Budget The foundation of any successful home buying journey is a clear understanding of your financial situation.

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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. With home values across the U.S.

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Say What? Home-Buying Lingo You Should Know

Zillow

Cancellation of escrow : A situation in which a buyer backs out of a home purchase. Capacity : The amount of money a home buyer can afford to borrow. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. They just oversee the process.

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Cash Buyer? You Still Need an Appraisal

Round Rock Appraisal

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Cash buyers are not looking into financing, but caution is still be practiced. Home values are affected by these situations.

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