Understanding an Appraisal Contingency in Your Home Purchase

November 6, 2024

When buying a home, you have the option to include contingencies in your purchase contract. These protect you by setting certain conditions that must be met for the contract to remain valid. If any contingency isn’t satisfied, you can back out of the sale without penalty. Three main types of contingencies help protect buyers: appraisal, […]

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Understanding “Cash to Close” in Your Home Buying Journey

November 5, 2024

If you’ve received your Closing Disclosure from your lender, congratulations! You’re almost at the finish line of your home buying journey, ready to celebrate with keys in hand. The Closing Disclosure, or CD, is provided at least three business days before your closing appointment and details your loan terms, projected monthly payments, and the much-discussed […]

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What’s Ahead For Mortgage Rates This Week – November 4th, 2024

November 4, 2024

This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated […]

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Can You Refinance a Reverse Mortgage Loan?

November 1, 2024

If you have a reverse mortgage loan, you might be curious about your options for refinancing. The good news is that yes, you can refinance a reverse mortgage, and doing so may offer several benefits depending on your unique financial situation. We will provide a detailed overview of refinancing a reverse mortgage, including reasons to […]

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Do Not Get Spooked by Your Underwater Mortgage –  How Refinancing Can Help You Escape

October 31, 2024

It’s Halloween season, and while it’s fun to enjoy spooky decorations and scary movies, there’s nothing fun about feeling haunted by your mortgage—especially if you owe more on your home than it’s currently worth. If you’re feeling trapped in an underwater mortgage, don’t let it send chills down your spine! Refinancing your mortgage can be […]

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Effective But Creative Ways to Save Money for a Down Payment

October 30, 2024

Effective But Creative Ways to Save Money for a Down Payment Saving for a down payment can feel overwhelming, but with some creative strategies, you can make it happen faster than you think. Whether you’re a first-time homebuyer or looking to upgrade, these tips can help you reach your goal and set you on the […]

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What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?

October 29, 2024

Retirement planning is about ensuring you have a steady income stream to support yourself comfortably. For many retirees, tapping into the equity in their homes becomes an attractive option. Two terms often come up in this context: reverse mortgage and Home Equity Conversion Mortgage (HECM). Although they are related, there are some critical differences between […]

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What’s Ahead For Mortgage Rates This Week – October 28th, 2024

October 28, 2024

This week saw relatively light activity, primarily focused on discussions with the Federal Reserve Board. The only truly notable report released was the Consumer Sentiment Report, which happily reported that sentiment had risen for the month of October. Meanwhile, the Federal Reserve’s latest Beige Book survey noted a slight decline in manufacturing activity. Consumer Sentiment […]

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What Is A Mortgage Par Rate And How Does It Work

October 25, 2024

If you’re in the process of exploring mortgage options, you might have encountered the term “mortgage par rate.” But what does this mean, and how does it impact your mortgage loan? Understanding the mortgage par rate is essential because it helps you compare loan offers and make informed decisions that can save you money over […]

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Common Title Issues That Can Delay Your Home Closing

October 24, 2024

When you’re in the final stages of buying a new home, it’s easy to assume that everything will go smoothly from here on out. However, one of the most common obstacles that can arise in this final stage of the process is title issues. If not addressed, these can delay your closing or even derail […]

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