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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
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...
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 ...
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,...
U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’...
Fortune via AOL· 7 hours agoAs U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages...
How to prepare for FHA appraisal requirements
Bankrate via AOL· 7 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 Yahoo Finance· 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...
When to use home equity for spring repairs (and when not to), according to experts
CBS News· 4 days agoBorrowing money for home repairs and other projects this spring can be very expensive. For example,...
