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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 384
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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

Home equity is simply the difference between your home’s value and the amount you owe on the mortgage. If you own your home free and clear, your equity is the same as the property’s value. Suppose your home’s market value is $300,000. At the time of closing, your equity in the home was $50,000.

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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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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.

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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.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings.