Senior Finance

Seller Concessions Pros and Cons
Weighing the Pros & Cons of Seller Concessions
Seller concessions can be a valuable tool for homebuyers, offering potential benefits such as reduced…
FHA · FHA-VA · First Time Home Buyer · Homes · Mortgage News · Real Estate · Second Homes & Investment · Senior Finance · Texas · Texas & Florida News

Weighing the Pros & Cons of Seller Concessions

Seller concessions can be a valuable tool for homebuyers, offering potential benefits such as reduced upfront costs. Learn about the pros and cons, limits by loan type, and how to navigate the complexities of the home-buying process with the help of mortgage professionals and real estate agents for a successful and enjoyable home purchase experience.
Steve Silver
March 29, 2023
FHA Loans Houston
FHA Loans in Houston: Lower MIP Costs and 7 Benefits for Homebuyers

Key Takeaways: FHA MIP costs were reduced from 0.85% to 0.55% Potential savings of up…

203K Loan · FHA Loan · First Time Home Buyer · Harris County · Mortgage Refinance · Reverse Mortgage · Senior Finance

FHA Loans in Houston: Lower MIP Costs and 7 Benefits for Homebuyers

Key Takeaways: FHA MIP costs were reduced from 0.85% to 0.55% Potential savings of up to $1,056 annually and $31,680 for a $350,000 30yr mortgage. In Texas, FHA loan limits are $472,030 for single-family FHA home loans. Federal Housing Administration…

Steve Silver
March 23, 2023
FHA Loans Houston
FHA Loans in Houston: Lower MIP Costs and 7 Benefits for Homebuyers
The Federal Housing Administration (FHA) has reduced its Mortgage Insurance Premiums (MIP) costs, making FHA…
FHA · FHA-VA · First Time Home Buyer · Homes · Mortgage News · Real Estate · Senior Finance · Texas

FHA Loans in Houston: Lower MIP Costs and 7 Benefits for Homebuyers

The Federal Housing Administration (FHA) has reduced its Mortgage Insurance Premiums (MIP) costs, making FHA loans in Houston more appealing to homebuyers. Learn about the changes, benefits of FHA loans, and their impact on Houston homebuyers.
Steve Silver
March 23, 2023
Tax Deferred Real Estate
Tax Deferred Real Estate: A Comprehensive Guide to 1031 Exchanges

Understanding 1031 Exchanges and Timeframes The 1031 Exchange 45-Day Rule and 180-Day Deadline Tax deferred…

Investment Properties · Mortgage Tips · Property Tax · Real Estate Tips · Senior Finance · Tax Defer

Tax Deferred Real Estate: A Comprehensive Guide to 1031 Exchanges

Understanding 1031 Exchanges and Timeframes The 1031 Exchange 45-Day Rule and 180-Day Deadline Tax deferred real estate allows investors to defer capital gains taxes on the sale of their assets through a 1031 Exchange. A crucial aspect of this process…

Steve Silver
March 22, 2023
Tax Deferred Real Estate
Tax Deferred Real Estate: A Comprehensive Guide to 1031 Exchanges
Discover the benefits of tax deferred real estate through 1031 exchanges, which allow investors to…
Mortgage News · Real Estate · Second Homes & Investment · Senior Finance · Tax · Texas · Texas & Florida News

Tax Deferred Real Estate: A Comprehensive Guide to 1031 Exchanges

Discover the benefits of tax deferred real estate through 1031 exchanges, which allow investors to defer capital gains taxes on their investments. Learn about critical aspects, such as the 1031 timeframe, related party rules, and the process of acquiring a 1031 replacement property. Explore alternative options like DST exchanges and understand the guidelines for selling a 1031 exchange property to maximize your investment potential while minimizing tax liabilities.
Steve Silver
March 22, 2023
Reverse Mortgage Eligibility
Reverse Mortgage Eligibility Explained: Age, Homeownership, and Primary Residence Requirements

Reverse Mortgage Eligibility Understanding Reverse Mortgage Eligibility for an FHA (Federal Housing Administration) HECM (Home…

FHA Loan · Mortgage News · Mortgage Refinance · Reverse Mortgage · Senior Finance

Reverse Mortgage Eligibility Explained: Age, Homeownership, and Primary Residence Requirements

Reverse Mortgage Eligibility Understanding Reverse Mortgage Eligibility for an FHA (Federal Housing Administration) HECM (Home Equity Conversion Mortgage) is crucial for homeowners considering this financial option. Let's explore the requirements related to age, homeownership, and primary residence for reverse mortgage…

Steve Silver
March 21, 2023
trusted real estate agent
Texas Reverse Mortgage Eligibility Explained: Age, residence etc
Understanding reverse mortgage Texas eligibility is vital for homeowners who are considering this financial option…
FHA · FHA-VA · Florida · Homes · Houston · Mortgage News · Real Estate · Reverse Mortgage · Senior Finance · Texas · Texas & Florida News

Texas Reverse Mortgage Eligibility Explained: Age, residence etc

Understanding reverse mortgage Texas eligibility is vital for homeowners who are considering this financial option to supplement their income during retirement. By meeting the requirements related to age, homeownership, primary residence, and property type, along with undergoing a financial assessment and counseling session, eligible homeowners can unlock the equity in their homes without the need for monthly mortgage payments. Knowing these criteria ensures that homeowners make informed decisions about whether a reverse mortgage is the right choice for their financial needs.
Steve Silver
March 20, 2023
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