Why Buyers Are Racing to Close on Existing Homes » Mortgage Masters Group

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Bucking the trend of sales tapering off in the fall, the number of existing homes buyers closed on jumped a whopping 15.4% from a year ago, says a report. Why Buyers Are Racing to Close on.

Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender. Reverse Mortgages Now Harder to Get.

Various loan programs allow you to refinance your home without paying any upfront closing costs in exchange for a higher loan balance or interest rate. The product you choose depends on a variety.

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