Pay off mortgage with savings or HECM?

Q: “I will retire shortly at 65 and still owe $67,000 at 6 percent on my mortgage, which I have not been able to refinance because I can’t document enough income … the mortgage still has 10 years to go, and the payment is $744. My house is worth $250,000 and I have savings of …

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Housing Recovery Is Sustainable

“Despite a number of potentially damaging headwinds, the ongoing housing recovery will remain sustainable for the foreseeable future, analysts for Capital Economics say in a recently released report. The housing industry’s rapid rebound took many experts by surprise-even the researchers who authored the report admit they “have been slightly taken aback” by the recovery’s speed. …

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Economists expect 2013 home price rebound

Economists expect 2013 home price rebound After experiencing a slight dip this year, home prices will see modest increases starting in 2013 and through 2016, according to a quarterly survey of more than 100 economists, real estate experts and investment strategists. The survey, conducted by research and consulting firm Pulsenomics LLC on behalf of real …

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8 scenarios that hurt mortgage qualification

“8 scenarios that hurt mortgage qualification What you should know if you’re divorced or have student loan debt Do I jeopardize my mortgage application by changing jobs before the loan closes? Yes. The underwriter approved your application based on your documented income covering two years or longer, from one source. At closing you must certify …

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