Mortgage Pipeline

  

Categories: Mortgage

See: Mortgage.

Is it a crowded field? An empty one? How many mortgages are coming? How big is the pipeline trickling down from The Fed into the hands of the loan "retailers," like banks?

That's what the pipeline is. Sometimes it's driven by massive demand, like when debt prices are cheap and Joe Sixpack wants to buy a home desperately. Other times, The Fed is pushing money at borrowers, lowering rates, making supply easy to get.

Pundits inspect the volume of both supply and demand for mortgages and assess the vicissitude of that pipeline, opining on the quality of the economy at any given moment. All part of the American Dream Dance.

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Finance: What is a Reverse Mortgage?6 Views

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Finance allah shmoop What is a reverse mortgage All right

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people let's start with a normal mortgage You put one

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hundred grand down borrow three hundred grand and are the

00:12

proud new owner of this baby in palo alto california

00:15

You make payments for thirty years at five percent interest

00:18

and then you retire their debt free So that's a

00:21

mortgage but what's a reverse mortgage Like one of these

00:25

egg trump Well kind of at least financially the payments

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go in the opposite direction of a normal mortgage Like

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you're old you just want to live out your remaining

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years with the basic comforts Shower seats stair lift high

00:39

absorption adult diapers You own all of your home No

00:43

mortgage on it You paid it all off The home

00:45

is now worth a million box Nice shoebox There you

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can do a reverse mortgage pledging your home is an

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asset and basically just receiving a payment of l say

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five grand a month from that reverse mortgage and you'll

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get to deduct interest costs as you go Justus if

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it were a normal mortgage well after forty months you

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you know croak in that time period you've taken out

01:09

Forty times five grand or two hundred grand in loans

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plus some interest and you sell your home for a

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cool million Rather your heirs dio So what happens now

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Well they just take the million bucks from the sale

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write a check for two hundred grand and change to

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the bank to pay off the reverse mortgage that you

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had accrued while you were you know wasting away to

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nothing and your heirs end up happy like they miss

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you But you know a free stair lift Who are 00:01:37.997 --> [endTime] you

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