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Reverse purchase financing: The financing option no one is talking about

Housing Wire

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 441
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New FHFA Rule: Mortgage Fees Structure to Change on May 1

Marco Santarelli

The new rules could lead to higher closing costs for buyers with higher credit scores, but they will still get a better deal than those with lower scores. Borrowers who have built up equity in their homes may be able to benefit from lower interest rates, but they may also have to pay higher fees if they have lower credit scores.

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Top Tips and Considerations For Buying Land

Realty Biz

Zoning determines land use, such as residential, commercial, or agricultural. The parcels that dragged my portfolio down were the ones where I just thought “Oh that’s great discount for this piece of property, I know I’m buying it with equity, I’ll just list it for full market value and see who comes along.”

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Should I Get an Online Quote to Sell My House?

HomeLight

Get cash fast: Unexpected expenses that pile up due to job loss, hospitalization, or even inflation might cause you to consider how to quickly convert your equity to cash , so you can relieve debt. Because they can close in as little as 10 days, online quote companies may be the solution to help protect your hard-earned equity.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While real estate is the largest asset class in the world, it’s a segment that is still highly fragmented.

Marketing 379
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Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

Typically the lender requires the payment upfront, but in some cases the fee may be included in your closing costs. In rare cases, the seller may cover the appraisal cost to sweeten your deal. It means congratulations to the buyer because you bought a house that has built-in equity in it, according to the appraiser,” he says.

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Freddie Mac posts $12.1B income in 2021

Housing Wire

In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms.