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FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 5 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
Americans Are Starting to Feel Optimistic About Retirement Again: Survey
The State· 2 days agoNearly 68% workers and 74% of retirees now express confidence they’ll have enough money to live comfortably throughout retirement. Results from a new retirement survey indicates that a majority ...
Why Keeping Your 401(k) After Retiring Could Be a Smart Savings Decision
The State· 2 days agoStaying in a well-managed employer plan can be especially advantageous for retirees with less savings and less financial experience. New retirees face a lot of big decisions that can help or ...
When to use home equity for spring repairs (and when not to), according to experts
CBS News· 6 days agoBorrowing money for home repairs and other projects this spring can be very expensive. For example,...
Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update
Morningstar· 4 days agoOcwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that it will hold a conference call on Thursday, May ...
Plan Ahead To Prevent The Retired Widow’s Money Crunch
Forbes· 3 days agoWhen a spouse or life partner dies, it’s only natural that the survivor will be grieving and lonely....
Labor Department announces new rule to shield retirement savings - HousingWire
HousingWire· 5 days agoThe U.S. Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice,...
What Is An Interest-Only HELOC?
Consumer Affairs· 3 days agoHELOCs provide a maximum line of credit that can be drawn down and repaid repeatedly. During the draw period, HELOCs have interest-only payments based on a variable interest rate. How does an interest-only HELOC work?
I'm 73 & still have $180,000 mortgage - I'm retiring in debt but have no regrets
The US Sun· 5 days agoA HOMEOWNER said he has been stuck with $180,000 left to pay on his mortgage despite his older age....
Why the smart money is buying single-family homes
Financial Post via Yahoo Finance· 2 days agoThis includes well-off parents who gift or loan their kids money (note: loans must be factored into your mortgage debt ratios and can prevent you from...