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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

Loans 67
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Despite headwinds, these mortgage companies are hiring

Housing Wire

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 442
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

Potential homebuyers will need to budget for a down payment, closing costs, monthly mortgage payment, and that doesn’t even include the cost of utilities. With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. Second mortgage. This is called your down payment.

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#350: Ask Paula: How Much Should We Spend on a Wedding?

Afford Anything

We owe $220,000 on our house, at an interest rate 3.75% and have $110,000 in equity. We have two mortgages, with one being a rental home, and we have a car loan at just 1.9%. Gusto makes payroll, benefits, and HR easy for modern small businesses. I also have about $40,000 in an old 403b. We have no other debt.

HR 57
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Seven Predictions for 2023: The Grime Edition

Notorious ROB

Rocket Mortgage Acquires Redfin. To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way.

MLS 79
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House Republicans offer counterpoints to Biden’s housing proposals

Housing Wire

Rising costs “The 30-year fixed mortgage has increased over 100%, doubled, since 2020,” Davidson said. These high prices are great for the current owners, but they’re difficult for anyone looking to move anytime in the near future as their equity is now worth more,” he said. “It Doubling the average monthly payment.

HR 424