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Do Mortgage Interest Rates Have an Impact on the Housing Market?

Do Mortgage Interest Rates Have an Impact on the Housing Market?

Mortgage interest rates change often. They change due to a large variety of factors including the supply and demand of homes and the state of the Federal Reserve. But do those fluctuating interest rates affect the housing market?They do – they have a very large...
Can you use Partial Entitlement?

Can you use Partial Entitlement?

As a veteran, you receive entitlement to purchase a home up to $484,350 with no down payment if you have full entitlement. But what happens when you don’t have full entitlement any longer? You can have entitlement tied up in your current home or you could even lose...
What Usually Causes Your Mortgage to Get Denied?

What Usually Causes Your Mortgage to Get Denied?

When you’ve already set your mind to finally owning a home soon, it can be devastating to find out that your financing application has been denied.The path to successful financing is not a paved road. There are certain realistic conditions that you need to meet and...
A Senior’s Guide to HECM Refinance Costs

A Senior’s Guide to HECM Refinance Costs

One primary requirement for any HECM refinance is meeting the refinance benefit factor. Simply put, your benefit from the refinancing should be five times more than the costs associated with the refinance. Refinancing your existing Home Equity Conversion Mortgage can...
What Qualifies for a Mortgage Interest Deduction?

What Qualifies for a Mortgage Interest Deduction?

The mortgage interest deduction is hailed as an important driver of the housing industry. It incentivizes those who buy homes and itemize their tax deductions. Recently, the IRS has stepped up its scrutiny on tax deductions from mortgage interest. While the move does...