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Why This Housing Market Is Not a Bubble Ready To Pop

Why This Housing Market Is Not a Bubble Ready To Pop

Source: Keeping Current Matters --- Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the...

FHA adds 40-year loan term to COVID-19 arsenal

FHA adds 40-year loan term to COVID-19 arsenal

Source: Housing Wire --- The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to...

How To Buy A House With Little Or No Money Down

How To Buy A House With Little Or No Money Down

Source: Forbes --- For many homebuyers, saving up for a down payment can seem like a massive roadblock, especially with home prices skyrocketing. But there are mortgage options designed specifically for those who can’t save the standard 20% down of the loan amount—or...

Homebuying Frenzy Continues Despite Obstacles

Homebuying Frenzy Continues Despite Obstacles

Source: Banker & Tradesman --- Wits’ End would make an appropriate name for a new subdivision in today’s wild housing market. While there’s not yet such a place on the map, many would-be buyers are quickly running out of patience.   Their frustration is not...

Reverse Mortgage: Could Your Surviving Spouse Lose the House?

Reverse Mortgage: Could Your Surviving Spouse Lose the House?

Source: Investopedia --- If your spouse took out a reverse mortgage and you aren’t on the loan—or if you know someone in this situation—you need to understand what rights you have and what rights you lack. Reverse mortgage laws for non-borrowing spouses can be...