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Home-equity loans
2 reasons why I would avoid HELOCs
A Home Equity Line of Credit (HELOC) is a financial tool used to tap equity in a home. (And equity is the part of your home that you own in full.)Unlike many other ways to borrow against your home, like a cash refinance loan or home equity…
LAKE SHORE BANCORP, INC. Discussion and analysis by management of the financial position and…
Forward-looking statements
Safe-Harbor
This Quarterly Report on Form 10-Q contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995, that
are based on current expectations,…
Local hospitals have filed hundreds of liens on patients’ homes for medical debt
ALBANY - State lawmakers have presented a bill it would prevent hospitals from seizing wages and taking liens on the homes of patients with medical debts after a new report found the practice impacting thousands of New Yorkers per year.…
Finance of America Says Reverse Mortgages ‘Important’ to Diverse Product Line
While the total number of reverse mortgage industry professionals attending HW Annual in Frisco, Texas last September was small compared to the number of term mortgage lenders and sellers, one senior executive mortgage company dedicated…
Fed to cut bond purchases, increasing pressure on mortgage rates
During the deadliest days of the coronavirus pandemic, the Federal Reserve cut interest rates to zero and began buying Treasury bonds and mortgage-backed securities at a rate of $ 120 billion each. month. While the Fed does not directly…
How to avoid the pitfalls of reverse mortgages – Forbes Advisor
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Reverse mortgages are…
This bank is helping more low-income Americans buy homes
Buying a home can be a challenge even in a normal housing market (as opposed to today's market, where house prices continue to soar and low inventories give sellers a major advantage. ). And while there are programs available for borrowers…
Mortgage and real estate news this week
As the mercury drops across much of the country, mortgage rates continue to rise, albeit slowly. Fortunately, they are still low enough to be favorable to most borrowers. Here is the latest news on what is happening in the industry.1.…
When is the right time to refinance my mortgage?
Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…