Bond and Equity Markets, Are we in for the Ride?

I have had some interesting, if not shocking conversations with multiple sources over the last several days to the effect of: “I’ve heard that mortgage rates have gone down over the last several days.”  To be frank, as of yesterday the US 10-year Treasury yield has increased by over 32 bases points in the last…

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Public Service Announcement 211 & 311

Did you know that when you dial 211 from almost anywhere in the United States or Puerto Rico, you are connected with a trained professional in your area who can connect you with resources and assistance for essential community services. It works just like dialing 911 where calls are routed by the local phone company to…

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Come on Down! Fla. Attracts Retirees and Many More

Original Article: https://www.floridarealtors.org/news-media/news-articles/2021/02/come-down-fla-attracts-retirees-and-many-more By Erica Plemmons Florida Realtors economist: Marketing to out-of-staters and wondering which demographic group to target? The most-cited reason for moving to Florida is retirement (39%), but many others come for the jobs (23%), the lifestyle (21%) and family (17%). ORLANDO, Fla. – Americans from the Northeast and Midwest continued to go…

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VA Home Loan Approval Letter

We at TMI are proud to announce our latest VA appointment with another great wholesale lender; furthering TMI’s commitment to provide our Military personal and veterans, as well as all our clients, with the best rates and lowest fees for every credit profile!

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If you’re Looking to Save Money by Refinancing, Then Now is the Time

There are plenty of reasons to refinance but avoiding an incoming Fannie Mae and Freddie Mac refinancing fee now tops the list!  Fannie Mae and Freddie Mac will start charging an ‘Adverse Market Refinance Fee’ on December 1, 2020.  This new fee, originally slated to begin September 1, with a new effective date is December 1, 2020, adds a…

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Refinance Fee Update

Mortgage giants Fannie Mae and Freddie Mac just announced in August that they are raising fees for lenders on all mortgage-refinances. This change is designed to shield them from the additional risk brought on by the coronavirus pandemic and the secondary mortgage market. Their price adjustment adds 0.5% of the loan amount to the consumer’s cost.

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What is a Reverse Mortgage?

There are two types of reverse mortgages – • There is a Home Equity Conversion Mortgage (HECM), which in its simplest definition is a loan that is government-insured by HUD and is regulated by the U.S. Federal Housing Authority (FHA), and • A Proprietary Reverse Mortgage, which is a reverse mortgage originated by a mortgage…

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