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There are a couple of reasons why I suggest this. For starters, you may have more income now than what a lender may be able to use when you retire should you need a mortgage. Of course, if you’re old enough to qualify, you could possibly use a reverse mortgage to purchase your home.reverse mortgages are not for everybody.
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Professional Service with Personalized Attention. Our mortgage team members will give you the professional service with the personal attention you deserve and treat you with the respect due a valued customer. We understand you’re making a commitment in purchasing a home, refinancing a mortgage, or tapping into your home equity.
· Another way to get rid of PMI is to refinance your mortgage. Say that in addition to a robust market in your area that is boosting prices, interest rates are also falling. In that case, you might seek to refinance your mortgage to get a lower rate. In most instances, the lender considering your refinance will require an appraisal.
So, if you are in a situation where you have an existing mortgage, and you’re looking to buy something else, and you’d like to discuss mortgage portability, please don’t hesitate to get in touch anytime! I’d love to walk you through your options. There is no substitute for solid mortgage advice. Porting might make sense, but then again it might.
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A reverse mortgage may make sense because. that counts – particularly as you get closer to retirement. Don’t forget to either obtain disability coverage or make certain that your job offers some.
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Cox owned a mortgage business in Tampa, Florida, and he did some shady things. “A broker would come in and say, Look, this.
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