When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage … [Continue reading]
What’s Ahead For Mortgage Rates This Week – October 23, 2023
This week featured the usual retail sales report which shows consumer demand and as well as an indicator of the velocity of money, not only for consumers but business to business as well. An increase would show an increase in national and local … [Continue reading]
Three Reasons Why You Might Consider a Reverse Mortgage When Nearing Retirement
As retirement approaches, many individuals find themselves faced with financial challenges and uncertainties. One option that is often overlooked but can be incredibly beneficial is the reverse mortgage. A reverse mortgage is a financial tool that … [Continue reading]
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