Tuesday, April 29, 2014

CORRECTING and REPLACING: 1st Nationwide Mortgage Joins Homes for Heroes Program

A mortgage refinancing can lower your mortgage rate and payment; however, refinancing creates an entirely new mortgage loan. And with a new mortgage loan comes the option of financing your house for an additional 30 years.

1st Nationwide Mortgage announces a new loan program targeted to help specific Hometown Heroes who serve in communities around the country. This release replaces the published release on April 2, 2014 ......CORRECTING and REPLACING: 1st Nationwide Mortgage Joins Homes for Heroes Program

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Sunday, April 27, 2014

The Home Appraisal: Your Key to a Successful Refinance

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

When you refinance your mortgage, everything hinges on the appraisal. Here's what appraisers look at, how to make your home look as valuable as possible and ways to fight back if the valuation comes in too low....The Home Appraisal: Your Key to a Successful Refinance

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Friday, April 25, 2014

FHA Updates Reverse Mortgage Program to Protect Non-Borrowing Spouses - Reverse Mortgage Daily

A mortgage refinancing can lower your mortgage rate and payment; however, refinancing creates an entirely new mortgage loan. And with a new mortgage loan comes the option of financing your house for an additional 30 years.

FHA Updates Reverse Mortgage Program to Protect Non-Borrowing SpousesReverse Mortgage DailyThe Depa...FHA Updates Reverse Mortgage Program to Protect Non-Borrowing Spouses - Reverse Mortgage Daily

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Wednesday, April 23, 2014

Expensive surprise with reverse mortgage

In finance, a payday loan is a personal debt provided by one entity (organization or individual) to an additional body at an interest rate, and confirmed by a note which points out, among other points, the principal amount, interest rate, and date of repayment. A payday loan requires the reallocation of the subject possession(s) for a period of time, between the lending institution and the customer.

Dear Dr. Don, When I applied for a reverse mortgage in May 2013, my home was appraised at $252,000. I had a mortgage balance of about $142,963. After all of the paperwork was signed, I received $9,497. The total amount of the loan was $152,460. Within six m...Expensive surprise with reverse mortgage

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Monday, April 21, 2014

New and Unexpected Ways to Fund Long-Term Care Expenses

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

Too many people think that long-term care planning is just a decision about whether to purchase long-term care insurance. However, long-term care planning is so much more. It is a discussion about how you will fund this expense, where you will receive long-term care, and who will provide the care. [...]...New and Unexpected Ways to Fund Long-Term Care Expenses

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Saturday, April 19, 2014

I was lucky - but new rules to help home buyers may bar them instead: How to ... - This is Money

In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.

I was lucky - but new rules to help home buyers may bar them instead: How to ...This is MoneyThe Mortgage Market Review, as it is called, is limiting the number of interest-only mortgages on offer and while every lender must apply its rules by next weekend most have been introducing them slowly over the past few months. THE CONTROVERSY. The ...and more »...I was lucky - but new rules to help home buyers may bar them instead: How to ... - This is Money

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Tuesday, April 15, 2014

Why Warren Buffett's wrong on bitcoin: Bill Miller - CNBC.com

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

Housing Wire Why Warren Buffett's wrong on bitcoin: Bill MillerCNBC.comHe mentioned Springleaf, a reconstituted subprime lender, as a stock to watch. Miller said he owns a stake in subprime mortgage servicer Nationstar. He sai...Why Warren Buffett's wrong on bitcoin: Bill Miller - CNBC.com

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Sunday, April 13, 2014

Mortgage Refinance Rates Now Lower through Complete Home Loans Online Quote System

A mortgage refinancing can lower your mortgage rate and payment; however, refinancing creates an entirely new mortgage loan. And with a new mortgage loan comes the option of financing your house for an additional 30 years.

New online mortgage refinance source, https://completehomeloans.net/ , is offering the lowest mortgage refinance rate sources in America. (PRWeb April 12, 2014) Read the full story at http://www.prweb.com/releases/mortgage-refinance-rates/lower-home-loans-online/prweb11759158.htm...Mortgage Refinance Rates Now Lower through Complete Home Loans Online Quote System

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Friday, April 11, 2014

A.M. Best Affirms Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

In a traditional home loan, the resident makes a monthly settlement to the loan provider. After each settlement, the house owner's equity boosts by the amount of the principal consisted of in the repayment. In a reverse home loan, a resident is not called for to make regular monthly payments. If settlements are not made, passion is added to the financing's equilibrium. Although the "increasing loan equilibrium can eventually grow to surpass the value of the residence," "the debtor (or the borrower's estate) is normally not called for to pay back any type of added loan equilibrium in excess of the worth of the home.".

A.M. Best has affirmed the financial strength rating of A++ and issuer credit ratings of “aa+” of Massachusetts Mutual Life Insurance Company and its life/health subsidiaries, C.M....A.M. Best Affirms Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

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Wednesday, April 9, 2014

The types of insurance you do and don't need

A mortgage loan is a loan protected by real property through utilise a home loan note which confirms the presence of the loan and the encumbrance of that real estate with the providing of a mortgage which safeguards the payday loan. Nevertheless, words mortgage alone, in daily use, is most often utilized to imply mortgage loan.

Financial advisor, Mark Lamkin explains the three types of insurance everyone needs, and the two types you should avoid....The types of insurance you do and don't need

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Monday, April 7, 2014

Alternatives to Putting 20 Percent Down on a Home - U.S. News & World Report

A mortgage is a payday loan secured by real property with the use of a home mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a home loan which protects the loan. However, the word home mortgage alone, in day-to-day usage, is most often used to mean mortgage loan.

Alternatives to Putting 20 Percent Down on a HomeU.S. News & World ReportMortgage insurance protects the lender in case you can't make your payments and the house is foreclosed on. But PMI payments don't last forever. When your loan-to-value ratio is 80 percent, you can ask the lender if you can stop paying PMI; at 78 ......Alternatives to Putting 20 Percent Down on a Home - U.S. News & World Report

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Wednesday, April 2, 2014

Reverse mortgages

A mortgage loan is a financing secured by real property with using a home mortgage note which confirms the existence of the loan and the encumbrance of that realty through the granting of a home loan which secures the payday loan. However, words mortgage alone, in daily use, is most often utilized to suggest mortgage.

Kudos to the editorial staff of the McCook Gazette for its viewpoint, published on the March 27 issue of the paper, highlighting pitfalls in the use of a reverse mortgage....Reverse mortgages

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