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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 397
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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.

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

PennyMac

Throw in additional costs such as property insurance and taxes, and that monthly payment can get pretty steep. Refinancing your home gives you the opportunity to secure better interest rates and terms, so you can lower your monthly payments, turn your home’s escrow into cash in hand or pay off your mortgage sooner.

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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. Rental insurance is inexpensive. May be required to allow landlord access to home for inspections. Mortgage Matters.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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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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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.