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Inside Fairway’s bold plan to boost reverse purchase business

Housing Wire

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. So real estate agents automatically get nervous [about a HECM being] an FHA loan. Harlan Accola.

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Educate your real estate clients to make a connection that lasts

Easy Agent Pro

Budgeting, credit scores, how to prepare for the buying/selling process, down payment assistance programs, appraisals, inspections and VA/FHA loan information are just a few. Develop a landing page where they can sign up and then direct mail a postcard or deliver a door hanger that lists the landing page’s URL.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Department of Housing and Urban Development , a government agency first created by President Lyndon B. HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan.

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Things Buyers Should Know Before Purchasing a Condominium

Realty Biz

You will own the unit and share ownership of the common areas in the development. Use an Experienced Realtor and Attorney A real estate agent familiar with condo developments should know about issues local communities have and the likely resale values. Is The Condo FHA Approved? The FHA lists approved condos on its website.

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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. However, you’ll have to pay for mortgage insurance for at least 11 years, depending on your down payment size — most FHA loans require mortgage insurance for the entire life of the loan.

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How to Buy a Home As-Is and Make Sure You’re Protected

HomeLight

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. Let’s take a look at how MPRs differ for the most common loans. FHA loans are government-backed loans geared toward buyers who may not qualify for a conventional loan.

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