When DeRotto’s father passed away, DeRotto discovered there was a reverse mortgage on the property. “I don’t know what a reverse mortgage was. “Especially if you are looking to pass your home onto.
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The reformed good faith estimate, or GFE, requires lender-related fees to be identical — from application to closing — and allows just a 10% tolerance. Union Mortgage Group Inc. in Rockville, Md.
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Think you know your IRRRL from your LPMI? See if you can ace this quiz of 10 quirky abbreviations from the origination sector of the mortgage.
“You know, people lose a hand, they lose a body part, and they live the rest of their life OK,” Blue says. “I’m working on not feeling desperate.” Education: Bachelor’s degree in education,
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2018 Tax Changes – What You Need to Know! Talk to Your Tax Advisor – It is always a great idea to talk with your tax professional before the end of the year to formulate a year end strategy. There may be some advice that they can give you to help you plan for the filing of your returns next year.
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Next up: a master. so you know your options, says Jerry Anderson, vice president of residential lending at Alliant Credit Union. Here are two popular ways to finance remodels: Home-equity borrowing.
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Once you have an accepted offer, here’s what you need to know to make sure your mortgage application stays on track: Submit your application. Now that you’ve found the home you want to buy and a lender to work with, the mortgage process begins.