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Mortgage

Q: We live in a west coast Florida beach town. We applied for a cash out refinance in June 2021, so that we could consolidate our finances and pay off our mortgage on a long-held home in the north.

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Sales of previously owned U.S. homes rose in September by the most in a year, suggesting a slight easing in home-price growth and lower mortgage rates a month earlier provided a tailwind for demand. Contract closings increased 7% from the prior month, the most since September 2020, to an annualized 6.29 million, figures from the National Association of Realtors showed Thursday. The median ...

Q: I inherited 20% of a home with a mortgage. The person who owns 80% wants to keep the house. How do we divide the property? Should I get 20% of the appraised value or 20% of the equity of a house? There are enough other assets in the estate to pay me either way.

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Q: The way the real estate market is going, if my husband and I sell our house, we will more than likely sell high and be buying high, making it a “wash.” I know that no one can predict the future, but if we are buying high this year, do you think that we will get our money back on the “new” house in 8 to 10 years?

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Q: I sold a house and paid off my mortgage. I received a satisfaction letter but no return of my original note from my big box servicer lender. I called several weeks later to request the return of the promissory note and was informed it is not their policy to return notes. How can I get my note back from these thieves?

When the COVID-19 pandemic reached the U.S. in 2020, the public health crisis was accompanied by an economic disaster as well. For many, one of the biggest worries was housing, with homeowners concerned about falling behind on mortgage payments.

Despite high demand in both home purchases and mortgage refinancing, many lenders have tightened up their borrowing standards due to the economic uncertainty of the pandemic, and hopeful loan applicants may find it hard to get approved.

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Buying a home is a very complicated transaction, making it easy to fall for some of the most common and costly home buying myths. PennyGem’s J…

The Federal Housing Finance Authority (FHFA) and Department of Housing and Urban Development (HUD) announced on Dec. 2 it will extend its foreclosure and eviction moratorium through Jan. 2021—the moratorium was originally slated to expire at the end of December. This means that if you have a federally backed mortgage, you can’t be foreclosed on […]

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