Browsing Tag:Pros

reverse-mortgage-the-professionals-and-cons
A reverse mortgage is a type of mortgage loan that's secured against a residential property that can give retirees added income by giving them access to the unencumbered value of their properties. Homeowners who are short on cash and find their home equity is their biggest asset might consider a reverse mortgage when they don’t have any other viable way...
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reverse-mortgage-professionals-share-extra-ideas-on-latest-appraisal-challenges
Estimates across the mortgage market - from forward to reverse - face an inhibition, and that inhibition has resulted in much tighter availability for the appraisers themselves, as well as excessive turnaround times and prices for a necessary component of the mortgage process. For the more advisory reverse mortgage industry, however, lenders arguably face these difficulties differently than...
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in-midst-of-refinance-growth-reverse-mortgage-professionals-acknowledge-want-for-new-debtors
Over the past few months, reverse mortgage industry analysts have given the industry some warning. Although Home Equity Conversion Mortgage (HECM) volume has remained above 4,000 units per month for much of the past year, the number of HECM-to-HECM refinance transactions - up to 40% of total industry volume, it is estimated to total - is long no...
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professionals-and-cons-of-a-reverse-mortgage
kate_sept2004 / Getty Images / iStockphotoThere's a lot of misinformation out there about reverse mortgages - and Tom Selleck can only answer so many questions in 30-second TV commercials for AAG. Reverse mortgages can be a lifeline for seniors experiencing financial difficulties, but they are not for everyone and come with risks and costs. Here's...
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time-nextadvisor-know-reverse-mortgage-professionals-and-cons-earlier-than-getting-one
A senior considering a reverse mortgage loan should consider all potential risks and rewards equally before deciding whether or not to obtain such a loan. This emerges from a new column by NextAdvisor personal finance columnist Joe Cortez, published by Time."Fear of COVID infection in nursing homes has many older Americans and their families who are considering other...
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the-professionals-and-cons-of-fha-loans
When looking to buy a home, deciding which type of loan to want and which ones to qualify for can be difficult. If you have a lower credit score or don't have a 10% down payment in the bank, a Federal Housing Administration (FHA) loan may be a good option for you. FHA loans are home loans guaranteed...
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forbes-debtors-ought-to-preserve-these-reverse-mortgage-professionals-and-cons-in-thoughts
For a senior looking for some extra cash flow in retirement, it can make perfect sense to consider the potential reverse mortgage loan options. However, according to a new column published by Forbes, borrowers are advised to consider certain pros and cons when pursuing the loan category beyond curiosity.Forbes goes into the details, outlining a number of five...
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