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Homebuyers are taking more risks in an obstacle-filled market

Housing Wire

With affordability shrinking, buyers are taking more risks to secure homes, according to HomeLight s 2025 Lender Insights & Predictions survey. Attom s Q4 2024 Home Affordability Index revealed that the down payment on a median-priced home reached $72,950 not far below the average annual wage of $89,649.

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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Few loan officers make the purchase product a main part of their business. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. Real estate agents, loan officers and builders can attract customers they have never captured before.

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Severe storm fallout could destabilize the intersection of mortgage and insurance

Housing Wire

The reckoning with homeowners insurance adds another element to keep track of — on top of traditional indicators like interest rates and home values. “As Back when I was a loan officer, I couldn’t tell you how many times I’d get to a few days before closing, and my borrower would ask about what ‘HOI’ was.”

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How Refinancing Affects Real Estate Taxes

PennyMac

As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change — but will your property taxes go up? Your property taxes will not go up if you refinance, but let’s dig a little deeper in order to clear up any confusion or concerns. The short answer is, “No.”

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Understanding The Reverse Mortgage Appraisal Process

AmeriMac

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process.

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What’s Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings. Plus, it can be a great investment.