Market snapshot: Promising signs in new housing report

Pending home sales in January bounced to a level not seen since the last days of the homebuyer tax credit in spring 2010. Called the Pending Home Sales Index, the report, which is based on pending contracts for home purchases, rose 2% from December nationwide. Even better, the jump in the South region was the...Read More

Reverse Mortgages: the low cost option for Alabama seniors?

There have been some very beneficial developments in the reverse mortgage industry in the last 18 months or so.  In late 2010, the “Saver” program was introduced.  The Saver is so named due to eliminating, or “saving”, the borrower the upfront Mortgage Insurance Premium (MIP) fee paid to FHA.  The MIP is the largest component...Read More

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