STUDY: BOOMERS TEND TO CARRY MORTGAGES INTO RETIREMENT

Boomers hold mortgages longer than previous generations and some study respondents weren’t sure they would ever pay off their mortgages

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Baby Boomers – those born between 1946 and 1965 – were less likely to have their mortgages paid off and own their homes outright than the generation before them. This is according to a recently released Fannie Mae study that compared the Boomer generation and its rate of homeownership and mortgage debt to that of […]

THE POSITIVE POTENTIAL OF TAX REFORM

The new tax reform bill that passed just before the New Year will likely have an impact on many taxpayers and industries.

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Whether that impact will be positive or negative is still debatable. It will also vary person to person and situation to situation. IMPACTFUL REFORM Here are a few ways it may impact the mortgage and housing industries – and how we can use this reform to benefit our clients. State and local mortgage deductions are […]

HOME SALES HIT A RECORD-BREAKING PACE

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October was a great time to be in the housing industry! New home sales were up by 6.2 percent between September and October – the fastest pace we’ve experienced in a decade, according to the Commerce Department. There were 685,000 new homes sold in October (seasonally adjusted rate), representing the best sales month we’ve seen […]

Study: Mortgage Process Speeding Up

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A study by Lending Tree drives home the value of good, swift customer service – and that’s the fact that the mortgage application process is now faster than ever. We can thank technology and the speed of communication for that. The recent study examined 5,000 loans closed between March 2016 and May 2017. From first […]