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Montana aims to remind seniors about its ‘reverse annuity mortgage’
HousingWire via Yahoo Finance· 2 days agoThe Montana...homes,” she said. “Eligible homeowners can borrow a minimum of $15,000 up to a maximum...
CFPB Cracks Down on Mortgage Servicers, Alleging Harmful Practices Against Older Homeowners
The National Law Review· 2 days agoOn June 18, the CFPB settled enforcement actions (found here and here) against two mortgage...
Compare current mortgage rates
Fortune via AOL· 2 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...
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· 4 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...
Conversion mortgages can help senior homeowners use their frozen equity to downsize.
Salt Lake City Weekly· 5 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· 5 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 ...
Home equity levels are near record highs. Here are 5 ways to access it.
CBS News· 5 days agoThanks to a mix of sustained demand and low inventory levels, the average homeowner has experienced...
IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
Kenosha News· 6 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50...