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2025 mortgage predictions: Your playbook for a winning year

Housing Wire

Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big.

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Opinion: The not-so-surprising resurgence of home equity lending

Housing Wire

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Record levels of home equity. This too is changing as innovation in the home equity lending space has finally arrived. Customer experience.

Equity 448
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USA Today: If Social Security falters, reverse mortgages could be worth a look

Housing Wire

A reverse mortgage is a possibility for seniors with substantial equity in their homes, the column stated. It essentially enables you to borrow against your equity, and you aren’t required to make any payments while you’re still alive as long as you live in the house.

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12 Typical Closing Costs for Seller in Alabama

HomeLight

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Receive your offer in 24 hours and close in as few as 10 days. in state transfer tax.

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Are Closing Costs Tax Deductible When Selling a House?

HomeLight

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

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From tenant to trailblazer: Oralia Herrera takes helm at NAHREP

Housing Wire

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Sworn in on March 26 during NAHREPs annual Homeownership and Housing Policy conference in Washington, D.C. Sworn in on March 26 during NAHREPs annual Homeownership and Housing Policy conference in Washington, D.C.

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Prioritizing home equity solutions in a rising rate environment

Housing Wire

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. Barry Coffin : It’s a good time to prioritize home equity transactions for a couple of reasons.

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