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Reverse mortgages could be ‘practical’ long-term care funding option

Housing Wire

Health care information and caregiving marketplace website Care.com published an article that examines several practical ways that someone could choose to finance their long-term care (LTC) goals. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

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Revolutionized financing: How Zillow empowers home shoppers with innovative tools

Housing Wire

Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Zillow also provides articles and resources alongside assistance options — including options unaffiliated with Zillow Home Loans.

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With lower costs and other value, rural areas are enticing for older homebuyers

Housing Wire

This is according to a syndicated article originally published by the Daily Yonder , a national news publication focusing on stories from rural America. But the potential value for older homeowners is not strictly monetary, the article said.

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Did new home sales really just crash?

Housing Wire

In this recent article , I explain why we won’t build millions of new homes anytime soon. That’s because the South is also dealing with higher property taxes, higher home insurance costs , and a lack of migration; all three have made their markets softer than other parts of the U.S.

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Closing costs: Here’s how much money you really need to buy a house

Housing Wire

In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs? If your loan is insured by the Federal Housing Administration, the FHA charges an upfront premium of 1.75% of the loan amount. Property Tax. Homeowner’s Insurance.

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NextAvenue: Aging-in-place costs, challenges lead to acceptance of ‘boommates’

Housing Wire

As home prices rise and property taxes and insurance bills soar, it’s become ever more difficult to age in place,” the article stated. “As That has created incentives for both retirees who want to stay in their homes and domicile seekers who need affordable places to rent,” the article stated.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. †

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