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CFPB Cracks Down on Mortgage Servicers, Alleging Harmful Practices Against Older Homeowners | JD...
JD Supra· 17 hours agoA reverse mortgage is a special type of home loan only available to homeowners who are 62 and older seeking an income ...
What happens when you pay off your mortgage?
Bankrate via Yahoo Finance· 3 hours agoYou can sell your home, cashing in your ownership stake in full (via the proceeds). Or you can access just part of your ownership stake, borrowing...
When Does a Reverse Mortgage Make Sense? A Look at the Pros and Cons
US News & World Report· 4 days agoReverse mortgages can be good for aging in place and supplementing retirement income. Reverse mortgages are loans ...
Montana aims to remind seniors about its ‘reverse annuity mortgage’
HousingWire via Yahoo Finance· 3 days agoThe Montana...homes,” she said. “Eligible homeowners can borrow a minimum of $15,000 up to a maximum...
Is a HELOC or home equity loan better to borrow $80,000?
CBS News· 8 hours agoWith just over $300,000 worth of equity, the average homeowner has a significant amount of money...
What happens to your mortgage after you die?
AOL· 6 days agoHow you set up your will and estate plan can make a big difference in what happens to your mortgaged home after you die — and how much of an asset you’re...
Should retirees use their homes to pay bills?
Bankrate via AOL· 5 days agoCash-out refinance If you still have a mortgage, you can also access your home equity with a cash-out refinance, which replaces your existing loan with...
Compare current mortgage rates
Fortune via AOL· 3 days agoKeeping an eye on mortgage rates as you plan to buy your first home, upgrade or downgrade the size of your house, or refinance? Here are the current...
Conversion mortgages can help senior homeowners use their frozen equity to downsize.
Salt Lake City Weekly· 6 days agoFor seniors, it's possible with an FHA-insured Conversion Mortgage for Purchase, or H4P as it is known in the lending industry. Often, parents are retired and living on a ...
Deed in Escrow | JD Supra
JD Supra· 6 days agoIs a “deed in escrow,” sometimes referred to as a “deed in a box,” enforceable in New York? A “deed in escrow” transaction affords a lender a seemingly quick and easy avenue towards taking title ...