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Caring for Aging Parents: The Fannie Mae Family Opportunity Mortgage Explained
As our loved ones grow older, ensuring their comfort and security becomes a top priority. For many, this means finding a suitable living arrangement that provides independence without sacrificing care. If you’re considering buying a home for your aging parents, the Fannie Mae Family Opportunity Mortgage could be the ideal solution, offering the benefits of…
Read MoreUnderstanding the Temporary Changes to VA Loan Commissions
At MORTGAGEinc, we’re dedicated to ensuring our veteran clients stay informed about key updates. On August 10, 2024, the VA announced a temporary policy allowing veterans to directly pay their real estate agent’s commission under certain conditions. Understanding the New Guidance – Direct Payment: Veterans can pay their buyer’s agent directly in areas where the…
Read MoreHome Equity Cash-Out: A Viable Solution
One effective strategy for consolidating debt and potentially saving money each month is a home equity cash-out refinance. This option allows homeowners to tap into the equity they have built in their homes to pay off high-interest debt. How It Works A home equity cash-out refinance involves taking out a new mortgage for more than…
Read MoreThe Credit Card Crisis: How Bad Credit Card Debt is Right Now in the United States
In recent years, the United States has been grappling with a growing financial challenge: credit card debt. The situation has escalated to alarming levels, affecting millions of Americans and posing significant risks to the overall economy. As of 2024, understanding the depth of this crisis and its implications is crucial for both individuals and policymakers.…
Read MoreNon QM Loans
All About Non-QM Loans: What You Need to Know! Hey there! 🏡 Ever heard of Non-QM loans? They might sound complicated, but they’re actually super helpful for a lot of people who can’t get a regular mortgage. Let’s dive into what they are, who can get one, and why they might be a good fit…
Read MoreSelf-Employed Loans
**Breaking Free: A Self-Employed Guide to Mortgages** Are you a freelancer, entrepreneur, or maybe a budding CEO of your own one-person show? Well, congrats on being your own boss! But hey, we get it. Sometimes being self-employed can make life a bit trickier, especially when it comes to things like, oh, I don’t know, buying…
Read MoreEnd Hedge Fund Control of American Homes Act
The End Hedge Fund Control of American Homes Act is a proposed piece of legislation aimed at addressing the growing trend of institutional investors, particularly hedge funds, purchasing single-family homes en masse, thereby reducing the availability of affordable housing for regular buyers. Here’s a breakdown of the key points: 1. **Purpose**: The primary objective of…
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