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How Millennial and Baby Boomer Views Differ

According to the 2019 Q4 Homeownership Opportunities and Market Survey from the National Association of Realtors, just 53% of millennials think it’s a good time to buy a home. But boomers? A whopping 70% of younger ones (those born between 1955 and 1964) say it is. Older boomers (born between 1946 and 1954) come in […]

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Americans More Likely to be Equity-Rich

14.5 million residential properties in the United States are considered equity-rich, based on data which indicates that the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value.  Read more…

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Finding Your Right Mortgage Product

Home ownership is a serious commitment, whether you’re a first-time buyer or a seasoned pro. There’s a lot to think about before and after you purchase a home, and it’s crucial that buyers arm themselves with the best information available. Read more…

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AARP: What to Know about Reverse Mortgages

A reverse mortgage is a loan based on the paid-up current value, or equity, in your home. Unlike a conventional mortgage, your lender pays you — in monthly payments, through a variable line of credit or in a lump sum. You don’t have to repay the loan until you sell your house, move or die. […]

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Kiplinger: Reverse Mortgages Help Seniors Avoid ‘Pre-retirement Crisis’

In trying to shore up finances as a senior prepares to enter retirement, one option that can help a senior to avoid a financial crisis in the period preceding retirement can be a reverse mortgage. This is according to Mike Piershale, president of Piershale Financial Group in Barrington, Ill. in a new article at Kiplinger. […]

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New Home Sales Rebound in August

Sales of newly-constructed homes in the U.S. increased 7.1% on a monthly basis in August to a seasonally-adjusted annual rate of 713,000, the government reported Wednesday. Read more…

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Rightsizing, Home Values Lead HECM for Purchase

While the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) has struggled to gain traction in the reverse mortgage market at-large, taking a look at a list of the top five states for H4P origination may help some in the reverse mortgage industry to discover a path forward for the product variation. Read more…

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Top 10 Trends Shaping Real Estate In 2020

A market as large and dynamic as United States real estate rarely moves quickly. But the most striking narrative running throughout the annual Emerging Trends report from the Urban Land Institute is the sense of static and stasis. Read more…

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FHA Changes Rules for First-Time Condo Buyers

The federal agency released new guidelines Wednesday for the types of mortgages it will insure at condominiums. Just 6.5% of the 150,000 condominium developments in the United States were previously eligible for FHA-backed mortgages. Keep reading…

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Zip Codes: Sharp Increases in Baby Boomers

Baby Boomers are on the move, and it’s not just to the warmer Southern states. While the South continues to appeal to this age group, Boomers also are moving westward, notably to cities like Las Vegas and Phoenix. Keep reading…

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