Picture this: A wire is sent for $152,000. The file is closed. The transaction is done. Everyone moves on. Then the seller starts getting mortgage notices. And the realization hits: the mortgage wasn’t paid off. The wire went to the wrong place, and no one knew for over three months. That’s what happened to this title firm in 2011. And by then, the money was long gone. It’s one of those moments that sticks with you, even years later. ▶️ Watch the clip to hear how it unfolded and why it led to a permanent change in how they work.
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Loan Advisor | NMLS 436116 | Branch NMLS 2775637 | Company NMLS 3029 | Helping Homebuyers Get Their Dream Home | 100+ Families Served | GetPre-Approved in 24 Hours
You may have seen headlines floating around about 50-year mortgage terms. Sounds wild, right? While it’s grabbing attention, it’s not a mainstream offering, and definitely not something most buyers will see anytime soon. Here’s the issue: stretching a mortgage that far out may lower monthly costs a bit, but it also means paying more in interest over time and delaying equity growth. That’s not usually in a buyer’s best interest. If your clients are hearing about this and wondering what it means for them, the reality is: there are other, more practical loan options they may qualify for right now that better align with their goals.
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“With the [Budget due] understanding the link between fiscal policy and the cost of later life lending has never been more important” - Roland Steere 👉 Read the full article here: https://lnkd.in/eQC6XsfK
Roland Steere, director of funding at client more2life, spotlights lifetime mortgage rates, as featured in this month's The Intermediary magazine. Read the full article here - https://lnkd.in/ewk4JtFQ Joe O., Dionne Witter, Shazia Iqbal PG DipIDM
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/9Bwuj
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. Would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/LzcV0
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/T9smK
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/6oXZ6
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/l7X49
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/T5shO
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This week, the housing world is buzzing about the idea of a 50-year mortgage following recent comments from FHFA Director Bill Pulte. But, would a 50-year mortgage really make homes more affordable? Our latest blog explains the benefits, the risks, and what the payment differences really look like. Read here: https://brev.is/s1r8T
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