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Reverse mortgages no longer something to fear

LINDA LEITZ Special to The Gazette When reverse mortgages are mentioned, often the reaction is similar to offering someone toxic waste. In the past, that reaction had some validity. But now the reasons for hating reverse mortgages have been mitigated or eliminated entirely, and FHA and HUD even regulate many of these offerings. A reverse […]

How to pay off your mortgage 10 years early

Alice Grahns, Digital Consumer Reporter HOMEOWNERS can become mortgage-free within a decade by being savvy with their cash. Savings on bills and budgeting will leave borrowers with extra cash that can be put towards mortgage repayments, leaving them debt-free sooner. 1 We explain how homeowners can pay off their mortgage earlyCredit: Alamy This would dramatically cut your […]

Mortgage-Refinancing Costs Expected to Fall as Fan...

Starting Aug. 1, the government-backed mortgage giants will stop charging a 0.5% refinance fee imposed last year   The refinance fee imposed last year added about $20 a month for a $300,000 loan, said one analyst. Photo: MARK LIPCZYNSKI for The Wall Street Journal WASHINGTON—The cost of refinancing government-backed home loans is expected to fall […]