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Driving Growth: Leveraging Home Equity to Expand Loan Officer Opportunities

Appraisal Buzz

At their best, Loan Officers (LOs) should act as financial guides to their customers, helping them see and help surface opportunities that they did not know existed. The Power of Reverse Mortgages for Seniors Reverse mortgages can be a great way to help seniors improve the quality of life in their sunset years.

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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

Mortgage butterflies As confident and comfortable as I was in the home search process and the paperwork involved in signing on with an agent, I was not feeling great about the mortgage preapproval and application process. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla.

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Does Refinancing Affect Your Taxes?

Assurance Financial

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. If you have equity in your home, you may be able to leverage it through a refinance. Make a Capital Home Improvement.

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How to Build Equity in Your Home

Assurance Financial

If your equity is $50,000, your home equity loan can be up to $42,500. You can use the funds from the loan for pretty much any purpose. Some people use the loan to cover the cost of a home improvement project, while others use the loan to help pay for their children’s college education.

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Types of Loans for Homeowners and Prospective Buyers

PennyMac

Calculate a down payment amount you can comfortably make for your new home (and be sure to factor in closing costs). Budget for mortgage insurance if you are putting less than 20% down. Conventional loan programs versus government-backed ones (FHA, VA) offer different benefits to weigh. Buy a home with as little as 3% down.

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How to Find the Right Mortgage Loan for You

Assurance Financial

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). When you have a mortgage, the home acts as collateral. FHA loans can have terms of 15 or 30 years.