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Seniors who have procrastinated about getting a HECM reverse mortgage will receive less after October 2 when new rules take effect, but there is still time to get in under the wire if they move fast. Read Article
Many mortgage borrowers would be motivated to stick to an extra payments plan if they had the right to recast their payment at any time. Read Article
The CFPB warning against taking a HECM in order to delay taking social security is bad advice for a very substantial segment of the senior population. Read Article
While some lenders offer programs to facilitate extra mortgage payments, astute borrowers
can do better by using my calculator 2a to formulate a plan hand-tailored to their needs. Read Article
This article assesses the Unison program under which home buyers trade a share of future
price appreciation for down payment funds that reduce mortgage payments and eliminate mortgage insurance. Read Article
This article explains why and how Federal housing policy must shift priority from promoting home affordability to encouraging home equity growth. Read Article
Shopping effectively for a HECM means comparing the metric of concern to the borrower, such
as the largest possible credit line or the smallest possible future debt. Read Article
While most home buyers with excess cash will do well to invest in a larger down payment, a few will use the excess to purchase more house. Read Article
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