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Leisure Living: Reverse mortgages more popular (El Paso Times)
The distinguished voice on the radio advertisement pitching reverse mortgages has a familiar ring: Yes, that's James Garner, the venerable television and film actor.
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Weighing refinancing as a way to end private mortgage insurance (San Jose Mercury News)
Q: Can I refinance to get rid of private mortgage insurance?A: Yes and no. If you have enough equity in your home after the cost to refinance typically 20 percent or more, you can probably get clear of private mortgage insurance.
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Buying and selling homes today (Provo Daily Herald)
Mortgage rates have risen about a half a percentage point over the past five weeks, according to mortgage research firm HSH Associates' latest survey.
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Golden Gateway Financial Debunks Ten Emerging and Common Reverse Mortgage Myths (Marketwire via Yahoo! Finance)
As reverse mortgages continue to grow in popularity so have the various myths and misconceptions surrounding them, making it more important than ever for borrowers to obtain clear and unbiased information about reverse mortgages.
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Consider a Reverse Mortgage, But Only as a Last Resort (Washington Post)
Q: My husband and I are in our mid-70s and have a modest fixed income from Social Security and pension plans. We own our house free and clear. While we are still in good health, we would like to see as much of the world as possible. Several friends have suggested that we get a reverse mortgage. Can you explain how this works and whether it is something we should consider?
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Pitfalls, perks of reverse mortgages (Houston Chronicle)
The increasing popularity of reverse mortgages has revealed some pitfalls that can be avoided by doing this: Ask questions, do the proper homework, and don’t get swayed by salestalk.
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Foreclosures take their toll on finances and families (The Sarasota Herald-Tribune)
Everyone realizes the cost of foreclosure can be staggering. A recent report by the Joint Economic Committee of Congress pegs the average at nearly $78,000 per house. But there's also a human component to losing your home that can't be counted in dollars and cents.
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Debt, credit, layoffs: Your questions answered (MSNBC)
If you have questions about your money in today's economy, you're not alone. Here, TODAY personal finance editor Jean Chatzky tackles reader concerns about a few financially sticky situations.
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iEmergent Announces Release of Demographic Segment Lending Forecasts for Mortgage Industry (Business Wire via Yahoo! Finance)
DES MOINES, Iowa----iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory services firm for the financial services, mortgage and real estate industries, introduced its new line of demographic mortgage forecast reports that assess lending opportunities and show loan distribution patterns among various home buyer and loan type segments including ethnicity, race and gender.
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Bulletin board (Old Colony Memorial & Plymouth Bulletin)
Check out classes, fundraisers, groups, volunteer opportunities and more.
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