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How to Avoid Being “House Poor” and What Does that Mean

Mandrona Group

If you’re a first-time buyer who’s only just started your house-hunting journey, you might have heard the expression, house poor. Read More.

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The rising tide of house prices: Avoiding the flood

Housing Wire

While the tide analogy was meant to refer to the entire economy, it works well in the housing sector as well. After all, we are witnessing the rising tide of house prices, in a surge we’ve never seen before. The question before those of us in the housing ecosystem is, “how can most Americans avoid the flood?”.

Equity 361
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The home inspection process: Should you skip it?

Housing Wire

While it can certainly be tempting — especially with the high costs most buyers already face — it’s usually a grave mistake (and sometimes a costly one, too). While it can certainly be tempting — especially with the high costs most buyers already face — it’s usually a grave mistake (and sometimes a costly one, too). Projects to avoid.

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Opinion: Putting residents of affordable housing first

Housing Wire

As rents escalate across the country, housing advocates are right to be concerned about the growing challenge of low-income families finding an affordable place to live. But our national housing policy cannot just be about housing units. Ultimately, it must be about the residents themselves.

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Angelo Mozilo, the ‘face of the financial crisis,’ dies at 84

Housing Wire

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. “Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. Lastly, he was the best Dad a son could ever ask for.”

Lending 366
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The next refi boom’s double-edged sword: EPOs

Housing Wire

. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Hoff, however, is taking steps to avoid future problems.

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What Is a Hard Money Loan in Real Estate?

HomeLight

Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. Learn More Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. How does a hard money loan work? What is a hard money loan?