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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.

Mortgage 389
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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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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. Many homeowners look at their property as an investment. Another way that a home acts as an investment is through equity. The more equity you have in your home, the more homeowner advantages you can enjoy.

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Should I Refinance My House (And When Is the Best Time to Do It)?

PennyMac

As a result, you continue to pay your lender a regular monthly amount with the understanding that you will be covering both the principal cost of the loan and the interest the lender charges for their services. Throw in additional costs such as property insurance and taxes, and that monthly payment can get pretty steep.

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The Pros and Cons of Buying a House

PennyMac

Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. Typically a long term investment. Rental insurance is inexpensive. May be required to allow landlord access to home for inspections. Buyer incurs any maintenance and repair cost.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet. Factor 1: Is a Fixer-Upper the Right Choice for You?

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.