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Housing News: Financing

Labor Day

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Gone are the days of ‘20% down or no mortgage.’ What could you build with the equity in your house?
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ARMs look very different in 2017 than in 2005, and their popularity is edging back up. Overall, home buyers have preferred FRMs over ARMs in the past decade.
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Reverse mortgages — pitched as a way to ‘age in place’ — are pushing more elderly homeowners into foreclosure
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On Aug. 30, 2017, the Bureau issued a detailed summary of changes and clarifications of the 2017 TILA-RESPA rule . The new summary outlines and explains the changes and clarifications set forth in the 2017 TILA-RESPA Rule.
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Mortgage-buyer Freddie Mac reports that the average rate on a 30-year, fixed-rate mortgage fell to 3.82% this week from last week’s 3.86%.
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Housing News: A Week In Review

 

Adjustable Rate MortgagesThe upside to adjustable-rate mortgages…
Wealthy homeowners are discovering the upside to notorious Adjustable Rate Mortgages: big savings.
http://on.mktw.net/IEhxsC

Reverse MortgagesAre you aware of the Reverse Mortgage benefits and pitfalls before recommending it to clients?
http://bit.ly/1bKhatp

Home Sales

Did You Know That 14,027 Houses Sell Every Day in the U.S.!!
Why wait ’til Spring… Don’t be afraid to put your house on the market this winter.
http://bit.ly/1eWK1th

 

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