Search results
US Mortgage Corporation committed to reverse channel, new HECM head says - HousingWire
HousingWire· 3 days agoNew York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage
Reverse mortgage veteran offers advice for bringing new partners aboard - HousingWire
HousingWire· 2 days agoAs any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges ...
Norcom Mortgage’s core reverse team elects not to join CMG Financial - HousingWire
HousingWire· 4 days agoThe deal, however, will not include core members of Norcom’s well-known team of reverse mortgage...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 3 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
What is Home Equity?
Bankrate via Yahoo Finance· 3 days agoYou can use these funds for any purpose. Unlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage,...
How to prepare for FHA appraisal requirements
Bankrate via AOL· 6 days agoWhen do I need an FHA appraisal?You need to get an FHA appraisal when using many types of FHA loans, including: FHA purchase FHA 203(k) FHA cash-out...
Cash-out refinance: What it is and how it works
Bankrate via AOL· 4 days agoThe first two also involve tapping...a lump-sum payment just after closing. Like a HELOC, it’s a second mortgage secured by your home.Unlike a HELOC,...
‘Aging in Place, or Stuck in Place?’
New York Times· 6 days agoHomeownership is not the boon to older Americans that it once was. When it came to housing, Susan Apel and Keith Irwin thought they had planned adroitly...
Forget Interest Rate Cuts. One Economist Says Rate Hikes Are More Likely This Year
CNET· 12 hours agoExperts expect the Federal Reserve will hold rates steady at its meeting next week, and one...
I paid off my mortgage before retiring - but now I'm trapped in my home
The US Sun· 4 days agoThe couple, both of whom are 71, paid off their mortgage before retiring so the home equity would...