#Reverse Mortgage Texas

[alitonfinancetexas]

Why Texas Seniors Opt for Reverse Mortgage Refinancing

Many seniors in Texas are exploring financial strategies to enhance their retirement years, and reverse mortgage refinancing has emerged as a popular and effective solution. For homeowners aged 62 and older, refinancing offers a way to tap into additional funds, secure better loan terms, and adapt to life changes by leveraging the equity in their homes. Here’s how reverse mortgage refinancing can benefit Texas homeowners:

1. Unlocking Additional Home Equity

A key reason many Texas seniors consider reverse mortgage refinancing is to access increased home equity. As property values rise over time, homeowners may see their equity grow, allowing them to unlock more funds for essential expenses, such as medical bills, home repairs, or even vacations. Refinancing makes this extra equity accessible, providing a financial cushion for various needs.

2. Lowering Interest Rates

Interest rates fluctuate over time, and refinancing offers an opportunity to secure a more favorable rate. If the market conditions are right, Texas seniors can refinance their reverse mortgage to lower their interest rate, potentially reducing the overall cost of borrowing. This can help maximize financial efficiency and lower the long-term cost of the loan.

3. Switching Loan Types for Greater Flexibility

Refinancing a reverse mortgage in Texas also allows seniors to switch between different loan types. For example, they may move from a fixed-rate reverse mortgage to an adjustable-rate loan or vice versa, depending on their financial goals and the prevailing market conditions. This flexibility ensures that seniors can adjust their mortgage terms to better fit their current situation and future plans.

4. Increasing Monthly Payments

Seniors who receive monthly payments from their reverse mortgage may find that refinancing offers an opportunity to increase those payouts. This can be especially beneficial for those facing higher living costs or needing additional income to cover everyday expenses. By refinancing, seniors can secure a higher payout to improve their cash flow and financial stability.

5. Adding a Co-Borrower

Life events, such as marriage or the addition of a family member, may prompt seniors to refinance their reverse mortgage to add a co-borrower. This ensures that both individuals are protected and can continue living in the home even if the primary borrower passes away. Refinancing with a co-borrower adds an extra layer of security and peace of mind for homeowners.

6. Overcoming Financial Challenges

Reverse mortgage refinancing can also serve as a financial lifeline for Texas seniors facing unexpected challenges. Whether it's paying off existing debt, covering significant medical expenses, or dealing with a major home repair, refinancing can provide the funds needed without the need to sell the home.

Final Thoughts

Reverse mortgage refinancing offers a valuable financial tool for Texas seniors looking to improve their financial outlook and secure a more comfortable retirement. Whether accessing additional equity, lowering interest rates, or adjusting loan terms to fit changing needs, refinancing allows seniors to tailor their mortgage to their unique circumstances.

If you are a Texas senior considering reverse mortgage refinancing, it’s essential to consult with a trusted financial advisor or lender to fully understand your options. Aliton Finance Texas is here to help. Our experienced mortgage advisors can guide you through the refinancing process and help you make informed decisions that align with your retirement goals.

For more information or to speak with a mortgage advisor, contact Aliton Finance Texas at +1 (972) 998-8522. We’re here to help you plan for a secure and financially comfortable retirement

[9jaboizgistworld-blog]

How Does A Reverse Mortgage Work In Texas

Are you a Texas homeowner aged 62 or older looking for a way to supplement your income without having to sell your home? A reverse mortgage might be the perfect solution for you. As someone who has delved into the intricacies of reverse mortgages, I’m here to guide you through the process and help you understand how it can work for you. In this article, I’ll break down the concept of a reverse mortgage, its benefits, and provide practical insights to help you make an informed decision.

What is a Reverse Mortgage?

A reverse mortgage is a unique type of loan that allows homeowners to convert part of their home equity into cash. Unlike traditional mortgages where you make monthly payments to the lender, with a reverse mortgage, the lender pays you. This can be a game-changer for many seniors looking to improve their financial situation in retirement.

How Does a Reverse Mortgage Work in Texas?

In Texas, a reverse mortgage allows homeowners aged 62 or older to convert their home’s equity into cash without having to sell their home or make monthly mortgage payments. The loan is repaid when the borrower sells the home, moves out permanently, or passes away. The amount you can borrow depends on your age, the value of your home, and current interest rates.

Eligibility Requirements

To qualify for a reverse mortgage in Texas, you must meet the following criteria: - Be at least 62 years old (both borrowers must meet this age requirement). - Own your home outright or have a low mortgage balance. - Live in the home as your primary residence. - Have sufficient income to pay property taxes, insurance, and maintenance costs.

Types of Reverse Mortgages

There are three main types of reverse mortgages available to Texas homeowners: - Home Equity Conversion Mortgage (HECM): This is the most common type of reverse mortgage and is insured by the Federal Housing Administration (FHA). It offers flexible payment options and typically has lower interest rates. - Proprietary Reverse Mortgage: These are private loans backed by the companies that develop them. They can offer higher loan amounts for high-value homes. - Single-Purpose Reverse Mortgage: Offered by some state and local government agencies, these loans can only be used for a single purpose, such as home repairs or property taxes.

Benefits of a Reverse Mortgage

A reverse mortgage can provide several benefits, especially for those looking to improve their financial security during retirement: 1. Supplement Retirement Income By tapping into your home equity, you can receive monthly payments, a lump sum, or a line of credit to supplement your retirement income. This can help cover living expenses, medical bills, or any other financial needs. 2. No Monthly Mortgage Payments One of the biggest advantages is that you don't have to make monthly mortgage payments. This can significantly reduce your financial burden and provide peace of mind. 3. Retain Home Ownership You retain ownership of your home and can continue living there. The loan is only repaid when you sell the home, move out permanently, or pass away. 4. Tax-Free Income The funds you receive from a reverse mortgage are typically tax-free, as they are considered loan proceeds rather than income.

Real-Life Example: Jane’s Story

Let’s take a look at Jane, a 65-year-old homeowner in Texas. Jane owns her home outright but has limited savings and is struggling to cover her monthly expenses. After consulting with a financial advisor, she decides to take out a HECM reverse mortgage. Jane’s home is valued at $300,000, and she qualifies for a reverse mortgage that allows her to access $150,000 of her home equity. She chooses to receive monthly payments, which provide her with an additional $1,200 per month. This extra income allows Jane to comfortably cover her living expenses and enjoy her retirement without the stress of financial uncertainty.

How to Choose the Right Reverse Mortgage

Selecting the right reverse mortgage requires careful consideration. Here’s a step-by-step guide to help you make the best choice: 1. Assess Your Needs Determine how much money you need and how you want to receive it (lump sum, monthly payments, or line of credit). 2. Compare Lenders Research and compare different lenders to find one that offers competitive rates and favorable terms. Look for lenders with good reputations and positive customer reviews. 3. Understand the Costs Reverse mortgages come with various fees, including origination fees, closing costs, and mortgage insurance premiums. Make sure you understand all the costs involved. 4. Seek Professional Advice Consult with a financial advisor or a reverse mortgage counselor to get personalized advice and ensure you’re making an informed decision.

Common Myths and Misconceptions

There are several myths about reverse mortgages that can create confusion. Let’s debunk some of the most common ones: Myth 1: The Lender Owns Your Home This is not true. You retain ownership of your home and can continue living there as long as you meet the loan requirements. Myth 2: You Can Be Forced Out of Your Home As long as you maintain your home, pay property taxes, and homeowners insurance, you cannot be forced to leave your home. Myth 3: Reverse Mortgages Are Only for the Financially Desperate Reverse mortgages can benefit a wide range of homeowners, not just those in financial distress. They can provide additional financial flexibility and security.

FAQs

1. How much can I borrow with a reverse mortgage in Texas?The amount you can borrow depends on your age, the value of your home, and current interest rates. Generally, older borrowers with higher-value homes can borrow more.2. What happens if I outlive the loan?You can continue living in your home as long as you meet the loan requirements. The loan is repaid when you sell the home, move out permanently, or pass away.3. Are reverse mortgage proceeds taxable?No, the proceeds from a reverse mortgage are typically tax-free, as they are considered loan proceeds.4. Can I use a reverse mortgage to buy a new home?Yes, through a HECM for Purchase, you can use a reverse mortgage to buy a new home that better suits your needs.5. What if my home’s value decreases?Reverse mortgages are non-recourse loans, meaning you will never owe more than the value of your home. If the home’s value decreases, the FHA insurance covers the difference.

Conclusion

Understanding how a reverse mortgage works in Texas can open up new financial possibilities for homeowners aged 62 and older. By converting your home equity into cash, you can supplement your retirement income, eliminate monthly mortgage payments, and achieve greater financial security. If you’re considering a reverse mortgage, take the time to assess your needs, compare lenders, and seek professional advice to make the best decision for your situation. For more information and expert insights, visit BestCreditCards3.com and explore our resources to help you navigate the world of reverse mortgages and achieve your financial goals. Don’t wait – take control of your financial future today! Read the full article

[mortgageandfinance]

Reverse mortgages are a popular option in Texas, the third-highest state for such loans with about 60,000 HECM loans per year. Given that 14% of Texas's population comprises seniors with an average income of $32,000, many depend on these loans. A reverse mortgage lets senior homeowners convert home equity into cash without repayment during their lifetime unless they move or sell their home. For a deeper understanding, check out our complete guide on the pros and cons of reverse mortgages in Texas.

[justinspoliticalcorner]

Ian Millhiser at Vox:

No matter how bad the Supreme Court gets, it can always get worse. This reality will be on full display this week, when the justices return for the Court’s new term. Indeed, on October 3, the second day of that term, the Court will hear a case where the far-right United States Court of Appeals for the Fifth Circuit declared an entire federal agency, the Consumer Financial Protection Bureau, unconstitutional. In the unlikely event that the justices uphold this decision, a brief filed by the banking industry explains to the Supreme Court, the entire US mortgage market could seize up, as banks will have no idea what rules they need to comply with in order to issue loans. Worse, because home building, home resale, and related industries make an estimated 17 percent of the US gross domestic product, such a decision risks economic devastation unheard of since the Great Depression.

And this case, known as CFPB v. Community Financial Services Association, is one of at least six cases the Court will most likely decide this term where Fifth Circuit judges issued legally indefensible decisions that will have calamitous results if they are not reversed. That court, which is dominated by the most reactionary Trump appointees and similarly minded judges, has become the forum of choice for litigants pushing preposterous legal arguments that are unlikely to fly elsewhere, even in a very conservative judiciary. By next June, the Supreme Court is likely to toss out a Fifth Circuit decision nuking the federal government’s power to prevent companies from defrauding investors, as well as a Fifth Circuit decision which allows Texas’s GOP-controlled legislature to seize control of content moderation at social media sites like Twitter or YouTube. The Supreme Court is also likely to reverse a Fifth Circuit decision holding that people who are subject to domestic violence restraining orders — meaning that a court has determined that they are a violent threat to their romantic partner or their partner’s child — have a constitutional right to possess a gun.

[...]

And, on top of these three cases, which the Court has already agreed to hear in its upcoming term, it will also likely take up two other cases where the Fifth Circuit took leave of its senses: Alliance for Hippocratic Medicine v. FDA, which attempts to ban the abortion medication mifepristone; and Doe v. McKesson, which effectively strips political organizers of their First Amendment right to organize a protest. At least for now, in other words, the Court’s upcoming term could potentially be very different from the two that proceeded it, where the Court’s GOP-appointed majority seemed to be on a mission to seek out longstanding precedents that are out of favor within the Republican Party, and destroy them. Those decisions appear to have emboldened the most reactionary voices within the judiciary, leaving the justices with a whole lot of messes to clean up.

Which is not to say that Democrats will have much to celebrate when the justices leave town again next June. Many of the Fifth Circuit’s decisions are so poorly reasoned, and so destructive of the interests of the United States, that it would be genuinely shocking if a majority of the justices sign onto them. The Supreme Court will deserve no credit for moderation simply for reversing these decisions. That is, if it does reverse them. The Supreme Court is still dominated by conservative Republicans, three of whom were appointed by Donald Trump. So there’s always some risk that a majority of the justices will accept even the most outlandish arguments by their fellow Republican appointees on the Fifth Circuit. Meanwhile, the Court will hear at least one case, Loper Bright Enterprises v. Raimondo, involving a legal doctrine reviled by the conservative Federalist Society. Loper Bright asks the justices to overrule something known as the “Chevron doctrine,” which limits the power of the federal judiciary (currently controlled by the Republican Party) to overrule decisions made by the executive branch (currently led by a Democrat). Additionally, the Court will hear cases that could weaken many civil rights laws, and that could invigorate racial gerrymandering. And it’s likely that the Court will take up one or more cases involving state laws that target transgender youth before the upcoming term is complete.

The Fifth Circuit’s CFPB decision could trigger a global economic depression if it is upheld by the justices

Congress created the CFPB two years after a toxic mix of unwise mortgages and unsafe financial assets threw both the US housing market and US lending markets into turmoil. As the Supreme Court has explained, the CFPB “has the sole responsibility to administer 19 separate consumer-protection statutes that cover everything from credit cards and car payments to mortgages and student loans.” Many of these statutes are longstanding banking regulations and consumer protections that were previously overseen by other agencies — that authority was transferred to the CFPB by the 2010 law creating the agency. Though the primary purpose of the CFPB is to protect consumers from potentially abusive behavior by banks and other lenders, it also provides an important service to the banking industry itself. In the last dozen or so years, the agency has promulgated various rules telling lenders how to comply with their obligations under federal law — laying out which disclosures lenders must make to borrowers, and providing a “safe harbor” to banks that issue loans below a certain rate.

Without these rules in place, the mortgage industry warns in a brief to the justices, lenders and other players in this industry simply would not know how to comply with the law. “This would leave market participants unable to certify compliance and invite challenges relating to past certifications, representations, and warranties,” the brief explains. “As a result, the mortgage market could grind to a halt.” And if it did, it could very well bring the rest of the global economy down with it. Nevertheless, the Fifth Circuit’s decision in Community Financial Services v. CFPB, a case the Supreme Court will hear in October, invites all of these catastrophic consequences and more. The Fifth Circuit’s decision claims that the mechanism Congress used to fund the CFPB is unconstitutional, a decision that would potentially invalidate everything the agency has ever done because it would mean that the CFPB was not allowed to spend a single dollar on anything, including hiring regulators to write lending rules.

[...] One consequence of Bruen is the Fifth Circuit’s decision in United States v. Rahimi, which struck down a federal law prohibiting individuals from “possessing a firearm while under a domestic violence restraining order.” That is, the Fifth Circuit held that people who have been determined, by a court, to be a violent threat to their romantic partner or their partner’s child have a constitutional right to own a gun.

The most alarming thing about this decision is that it is far from clear that the Fifth Circuit was wrong in Rahimi, at least if you accept Bruen as legitimate. Domestic violence certainly existed before the 19th century, but no state made assaulting one’s spouse a crime until 1871, when the Alabama Supreme Court ruled that a husband and wife “may be indicted for assault and battery upon each other.” A responsible Supreme Court would recognize that Bruen is unworkable, and seize upon the Rahimi case as an opportunity to overrule it. Realistically, however, that outcome is unlikely. That said, several of the Court’s Republican appointees have endorsed creating categorical carveouts to the Second Amendment for individuals who are potentially a threat to others. Justice Brett Kavanaugh, for example, supports “longstanding prohibitions on the possession of firearms by felons and the mentally ill.” Justice Amy Coney Barrett wrote, when she was still a lower court judge, that “legislatures have the power to prohibit dangerous people from possessing guns.” [...]

We may find out what the justices actually think about voting rights

One year ago, if the Supreme Court were planning to hear Alexander v. South Carolina State Conference of the NAACP, an appeal of a lower court’s decision striking down a racially gerrymandered congressional district in South Carolina, that would have been a cause of considerable alarm for anyone who supports liberal democracy in the United States. Until recently, the Court’s Republican-appointed majority appeared quite hostile toward the right to vote, and especially toward the right to be protected from race discrimination at the polls. In Shelby County v. Holder (2013), for example, the Court’s Republicans ruled that a key provision of the Voting Rights Act violates “‘fundamental principle of equal sovereignty’ among the States,” a principle that appears nowhere in the Constitution, and that seems to have been made up solely to attack this one provision of law. Similarly, in Brnovich v. DNC (2021), the Court’s Republicans simply invented a bunch of new limits on the Voting Rights Act, such as a strong presumption that voting restrictions that were commonplace in 1982 are lawful, that appear nowhere in any law or in the Constitution. As Justice Elena Kagan wrote in dissent, Brnovich “mostly inhabits a law-free zone.” [...]

The Court could concentrate even more power within the Republican-controlled judiciary

In Loper Bright Enterprises v. Raimondo, the Supreme Court will decide whether to overrule its seminal decision in Chevron v. National Resources Defense Council (1984), which held that courts should defer to an agency’s reading of federal law if it is unclear whether the agency had the legal authority to promulgate a particular regulation. Chevron typically required judges to defer to policymaking decisions by agencies, regardless of whether those decisions involved major or minor questions. So decisions like Nebraska have already overruled Chevron with respect to the most consequential actions by agencies.

Loper Bright, in other words, tees up the question of whether the courts will have the final word on pretty much every policy question that Congress intended a federal agency to resolve. If Chevron is overruled, the GOP-controlled federal judiciary will gain the power to micromanage virtually any policy decision made by officials within the Biden administration, including small-bore decisions that do not fit within the so-called major questions doctrine. As a practical matter, that would make the United States government both less democratic and less competent. The Chevron decision was grounded in two insights. One is that “judges are not experts” in the kind of specialized and technical questions that often come before federal agencies. So, if we give too much regulatory authority to judges, we’re going to wind up with a very poorly governed nation. [...] In Moore v. United States, the plaintiffs ask the justices to rule that the Constitution effectively forbids taxation of unrealized assets. The case was brought by investors who want a refund on taxes they paid on a foreign investment, but Moore is widely viewed as a stalking horse against the sort of wealth taxes supported by many Democrats. [...]

Testers are an important part of civil rights enforcement because they can smoke out discrimination that might otherwise go undetected. Ordinarily, if a family inquires about renting an apartment and is told that none are available, they are likely to simply walk away. And, even if they suspect discrimination, how are they to prove it unless they happen to know about a family of another race that received contradictory information from the same landlord?

But this term the Court will hear a case brought by a self-described “tester,” Acheson Hotels v. Laufer, which seriously tests the limits of constitutional standing. The plaintiff in Acheson Hotels is a woman who, according to the defendant’s brief, has “sued over 600 hotels ... claiming that they failed to post accessibility information on their websites,” in violation of a federal regulation that requires hotels to inform potential customers of whether their rooms are accessible to disabled people. (The regulation does not actually require the rooms to be accessible, but it is intended to prevent disabled patrons from booking a room and traveling to a distant town, only to learn that their room is inaccessible to them.) Significantly, this plaintiff apparently has no intention of actually staying in any of these hotels. As a constitutional matter, this plaintiff should not have standing to sue all of these hotels. The Supreme Court has long held that a party filing a federal lawsuit must allege a “particularized” injury, meaning that they must have been injured in some way that is specific to the plaintiff, and that is not shared in common by the general public. But the plaintiff in Acheson Hotels does not allege any kind of particularized injury. She merely alleges she is unable to find information online that is also unavailable to everyone else in the world.

The new Supreme Court term has begun, and there are key cases that will be on the docket that will likely get decided this term.

Some key cases:

CFPB v. Community Financial Services Association: the case that determines the legality of the CFPB.

Alliance For Hippocratic Medicine v. FDA: the case that could determine whether mifepristone is legal.

United States v. Rahimi: the case that an individual possessing a firearm while under a domestic violence restraining order is lawful or not.

Alexander v. NAACP: the case that struck down a racially gerrymandered Congressional district in South Carolina by a lower court.

Loper Bright Enterprises v. Raimondo: the case that could determine the fate of the Chevron doctrine.

Moore v. United States: the case that could ban wealth taxes.

Acheson Hotels v. Laufer: the case that could significantly change the limits of constitutional standing and ban testers.

At least one case on state laws targeting trans youth could also be taken up by the time this term ends.

See Also:

Daily Kos: Here are the crucial cases before the Supreme Court this year

[worldofwardcraft]

The Frightful Fifth.

September 25, 2023

For years, the Fifth Circuit Court of Appeals has been one of the most conservative courts in the country. Overseeing federal litigation in the judicial districts of Mississippi, Louisiana and Texas, a full dozen of the court's 17 members are Republicans. And half of those are Trump appointees chosen from the Federalist Society's boundless stable of radical-right loonies.

Due to the featherbrained decision of former Judiciary Committee Chairman Patrick Leahy (D-VT) to give senators a veto power over anyone nominated to a federal judgeship in their home state, Republicans prevented President Obama from filling two vacancies on the court. Which were, of course, later filled by Trump. So it's no surprise that the Fifth Circuit is responsible for some of the most appallingly indefensible decisions to come from any federal bench. Here's just a sampling.

In one case (CFPB v. Community Financial Services Association), the court ruled an entire federal agency, the Consumer Financial Protection Bureau, unconstitutional. Despite the banking industry's protests that, with lenders having no idea what rules they will need to follow, such a decision would ravage the US mortgage market and risk economic devastation. This case — along with five others wrongly decided by the Fifth Circuit — is headed to the Supreme Court, where even the corrupt hacks currently in the majority will probably overturn it.

Another decision likely to be reversed by the Supremes is Jarkesy v. SEC, where the Fifth Circuit abolished the federal government's power to prevent companies from defrauding investors. Also headed for review by the high court is their decision in February that people who are under domestic violence restraining orders have a constitutional right to possess a gun.

Then there's the 2019 case (Taylor v. Stevens) in which a unanimous panel of three Fifth Circuit judges held that the Constitution does not prevent prisoners from being forced to remain in filthy cells teeming with human waste. However, they did concede that prisoners could not be held in such barbaric conditions for months on end.

The Fifth Circuit allowed Texas Republicans to effectively seize control of content moderation on social media sites like Twitter, Facebook, and YouTube. It also forced the Navy to deploy sailors who defied an order to take the COVID vaccine, despite the Navy’s warning that one sick mariner could potentially render an entire ship unfit for service.

As Ian Millhiser of Vox puts it, the Fifth Circuit Court "has become the forum of choice for litigants pushing preposterous legal arguments that are unlikely to fly elsewhere." And remember, these far-right maniacs have lifetime appointments.

[my-state-mls]

The Current Housing Crisis Is Crushing Some More Than Others

Even as the housing market slows due to rising interest rates on mortgages, only half as many homes are being put up for sale as before.

The lack of supply is hurting some buyers more severely than others.

At its most desirable rate during May, buyers seeking 30-year fixed mortgage rates of high 6% could afford homes estimated to cost $341,000 with annual salaries of $100,000 - slightly above America's median annual wage - according to an investigation released Thursday, the 16th of May from Realtor.com in collaboration with the National Association of Realtors. Yet only 39% of houses were advertised with prices matching or lower than their estimated prices this month, as reported in a separate study released Thursday, the 16th of May, from both organizations.

Markets characterized by balanced demand and supply can offer homes at affordable rates for buyers earning $100,000 annually; 64% are affordable to residents living there, with only 285,000 listings currently available.

Over the past five years, income earners could purchase two-thirds of available homes when mortgage rates and home prices were much more reasonable.

Due to an acute shortage of affordable homes on the real estate market, competition on it exploded this year - which reversed any reduction in home prices that began last summer.

"There's an amazing parallel between Las Vegas and Phoenix where homes under $500,000 are selling quickly; for those under $350k-400k, we are seeing several offers," explained Noah Herrera of Las Vegas at an open house event held mid-May. However, once houses surpass $500,000, the sales process slows considerably.

As prices climb, too many houses are listed for sale relative to how many Americans can afford these properties. Each listing for homes over $680,000 results in twice more available houses for less than $341,000.

"Stated Realtor.com's head of economics Danielle Hale: High housing costs and limited home availability continue to present budget challenges for prospective homebuyers, likely keeping some out of the rental market or delaying the purchase until conditions improve," and may keep some from purchasing until conditions improve.

Home prices have become prohibitively expensive for buyers, leading to more people moving into new properties - ironically, those which were previously more costly to own. Builders offer incentives like upgrade options or short-term mortgage rate reductions; however, over time, these have decreased as demand continues to outweigh supply, and builder price power has grown accordingly.

Location is of the utmost importance in real estate. Areas, where an affordable home shortage exists include El Paso, Texas; Boise and Spokane in Idaho; various Florida markets and, particularly, Riverside/Los Angeles in California, which has some of the highest-priced housing markets in America.

Midwest regions remain home to the highest concentration of affordable houses. Ohio remains home to the greatest supply of such housing options, followed by Syracuse, New York; Pittsburgh, Pennsylvania; and St Louis, Missouri.

Redfin reports that supply is continuing to dwindle as new listings for homes available for sale during June's first week fell 25% year-on-year, reaching its lowest ever point ever recorded since early records started being kept for this month began being kept.

Due to a shortage of homes for sale, the number available for purchase has fallen five percent compared to last year.

[tonyatibbs]

* It's funny a auto contract works for you, but my mortgage contract doesn't for me

*I can claim the kids on insurance purpose but nothing else (food stamp)

*You can remove Texas Laws from me and make new one's for you

*You can do identity theft and for some reason I'm the only one that can't reverse and have to honor.

*If I call my grandmother I can get arrested for stocking or harassing ( served by RR police department) but y'all can move into my house without saying anything and refuse to leave against many requests by homeowner to stay off my property and out my personal life. Plus watch 24/7

*You can post and share my personal information that you shouldn't know about (private) but yet you have to approve when I post personal things about my life (all true things) even against phone hacking law's.

*Prostitution isn't illegal but yet the law hears and let you try to force me into a sexual life or marriage.

*You can break over 300 felonies some of them done daily for years and I can't do one thing wrong

*You can make deals with things that all belong to me and try to compromise on giving them back to me ( money, kids, decisions, health life, ect, my house )

And you have the nerve to tell me to get mental help really my mental health problems is YALL. Listen to yourself check yourself in by yourself you have nothing to do with me... Bitch you're crazy.

[aifc223]

Tac Texas Property Tax Income Caps

Reverse mortgages enable people to do this, without leaving their house, and to continue benefiting from rising house costs, which can help with late-life bills or an increased inheritance for heirs. Once a homestead is granted, exemptions don't need to be utilized for again except the Chief Appraiser requests an updated property tax help texas application. Dax Gonzalez, division director of the Texas Association of School Boards, stated the organization’s members are usually agnostic toward property tax reform as lengthy as the state agrees to cowl the distinction. HB 2, however, does not embody a homestead exemption increase, which is the strategy taken by the Texas Senate.

If you had been not granted an exemption allowed, contact the Orange County Appraisal District. The Tax Office doesn't have the authorized authority to waive or cut back the penalty. All protests and/or waivers ought to be directed to the Orange County Appraisal District. The tax account quantity is assigned by the Orange County Appraisal District and is used to help determine every bit of property. The authorized description describes the property as a parcel in a bigger tract (i.e. Lot 1, Block 2 Bahama Heights), so it might be situated on a map.

But, at the identical time, if all this cash was coming into AISD it might be a completely totally different ball recreation in the school district,” Stirratt stated, including that sometimes her library didn’t have a working heating system. If you choose to enchantment, you would accomplish property tax locations that via the state district court docket within the county the place your property is located. Even though you are appealing the ARB’s determination, you'll still need to make a partial payment of your property taxes. Typically, this fee would cowl the undisputed portion of the amount.

If a unit adopts a tax fee larger than the rollback price, voters within the unit can flow into a petition calling for an election to restrict the scale of the tax enhance. If a 100% disabled veteran moves to a unique residence homestead in the midst of a tax yr, when does the exemption apply to the model new residence? The exemption begins immediately when the 100% disabled veteran purchases the model new residence homestead.

Elderly individuals aged 65 or more must be residing of their property to qualify for native option exemption. Surviving spouses can get pleasure from exemption if the older house owner dies. However, they have to be aged fifty five or more at the time of their spouse’s death.

Dale Craymer, president of the Texas Taxpayers and Research Association, said almost all classes of enterprise – aside from condo homeowners – would oppose the House’s plan to tighten appraisal caps. Under an amendment to the Texas Constitution voters permitted in 1997, the appraisal for a home declared as a homestead could not improve greater property tax by location than 10% a year. Phelan stated spiraling real property values make notices of latest appraisals traumatic. If the property value as decided by the ARB order is over $1,000,000, you may file an enchantment with SOAH. The selections of SOAH administrative law judges are final and will not be appealed.

SAN ANTONIO – The City of San Antonio is hosting 14 workshops throughout the city between February and May to assist owners learn about exemptions and steps to submit an attraction to decrease property taxes. The Texas property tax system may be confusing for residential property house owners to navigate, especially first-time homeowners. Our knowledge of the Texas property tax system and every county Appraisal District in Central Texas helps us present owners with the information, sources, and representation they should get hold of major tax financial savings. Our team of Texas property tax consultants will analysis your property, review appraisal district data, attraction your case, advocate for decreasing your value and to reduce your property tax legal responsibility. We are a trusted advisor in your corner, here to answer any questions about your property, exemptions, and taxes. Give us a call right now to be taught why we are probably the most successful property tax consulting agency in Central Texas.

In Austin, the city rate is zero.5410% and the school district price is 1.0167%. In the table beneath, we look at each county’s efficient tax price, which is equal to the amount of property tax that homeowners truly pay as a share of their home’s worth. The desk additionally includes the average annual tax fee and common home value in every Texas county. There are a variety of exemptions that help lower your property taxes in Texas. The most common is the homestead exemption, which is out there to owners of their main residence. It exempts at least $25,000 of a property’s value from taxation.

Whether you're located in Austin, Houston, or another Central Texas city, our Texas property tax consultants will put their local property tax data to work for you. Our group is made up of realtors, attorneys, licensed appraisers, and former Appraisal District employees who will expertly and professionally symbolize your case. Created in 2001, this program was originally set to expire in 2007. It’s been renewed several occasions with the most recent expiration date of December 31, 2022. Agreements like these help the state entice new companies as a result of many say that our high property taxes place Texas at a drawback when competing for businesses making new investments.

When you argue your case during a formal listening to, you'll need to supply robust evidence that helps your protest, just as you would in an off-the-cuff texas property tax help listening to. A formal hearing takes approximately 30 to forty five minutes and is held in front of three appointed ARB members. These board members are independently appointed and aren't employed by the appraisal district.

[pmfpartner]

Hard money mortgage lender Texas

BE A CREATIVE FINANCIALING SPECIALIST

CREATIVE FINANCING SPECIALISTS create or modify the DEAL STRUCTURE so that a loan within existing LTV parameters will suffice.  Often this requires renegotiating the terms of a property purchase, or restructuring the capital structure of a property refinance. The following list is the methods CREATIVE FINANCING SPECIALISTS use to make deals happen where others cannot succeed.

Seller provides second mortgage financing

Equity partner

Additional collateral provided by second lien(s) on other real estate

Have seller with better credit and property ownership history refinance for higher loan amount with buyer assuming loan and paying down payment.

Buyer purchases controlling partnership interest and buys out the seller’s remaining ownership interest over time

Mezzanine financing between debt and equity

Have tenants pay rent in advance for discount

Loan assumption

Purchasing “subject to” existing mortgage

Lease with option to purchase

Lease with right of first refusal

Life estate with reversion to seller or his/her heirs

Master lease

Purchase 51% interest with seller maintaining 49%

Crowdfund or syndicate the deal

Crowdfund or syndicate a new loan to purchase the property

Utilize a private lender

Bring in a money partner

Bring in a credit partner

Sweeten the “owner financing” offer by throwing in some other assets the buyer owns but either doesn’t use any more or is non-income producing (time shares, RVs, recreational land, camp ground memberships, etc).

“Earn out” with part of master lease payments buying into ownership

Convert to condos and “pre-sell” two or three units

Buy the building while the seller maintains ownership of the land and provides a ground lease

Buy the land while the seller maintains ownership of the building and you master lease the building

Kill the seller and marry their spouse

Private Mortgage Financial Partners always seek to build long-term relationships with Commercial Mortgage Brokers who approach every loan as successful professionals.   Check our new website to see the commissions we have paid commercial mortgage brokers in the last six months.

As True Hard Money Lenders, our loans are 1 – 2 years, with interest only payments.

3 – 4 points origination fee. No application fee and no due diligence fee. Borrower pays for MAI appraisal. Most of our loans are brought to us by mortgage brokers or financial intermediaries. Their fees are included in title company instructions and appear on closing statement.

To submit a loan request, visit our website, www.pmfpartners.com, click on “APPLY NOW” and complete the online application. No credit check or detailed application forms are required and we can usually render a decision in 24 hours.

[hakesbros]

Buy New Construction Homes For Sale

The 3-month moving common of Texas’ new home sales in its four largest markets elevated in December to four,467 from 4,103 in November – a report for the year. The HomesUSA.com New Home Sales Index exhibits the pace of new home sales additionally slowed for the fourth straight month. He is the home builders in san antonio one agent to exceed $1 billion in residential sales transactions in a single yr, a feat first achieved in 2015 and repeated each year via 2018 when he achieved greater than $2 billion. This calculator is a self-help device on your use and for illustrative purposes only.

In terms of total new home gross sales, Texas continues to buck the nationwide development,” he added. That all makes homeownership much more troublesome for a first-time buyer, mentioned McCoy, the Fort Worth actual property agent. Since the Federal Reserve began raising interest rates within the spring to try to slow rampant inflation, pushing mortgage rates higher too, the development has begun to reverse throughout the state. Last July, 55,668 homes were homes for sale san antonio tx listed for sale in Texas, according to the TRERC. Home costs are still on the rise, stated SABOR's board chair Tracie Hasslocher within the report, with costs seeing a rise of 13% in the common home value to $391,467, and a 14% within the median home value to $339,200. Homebuyers have also lost shopping for energy as interest and mortgage rates increase, resulting in extra patrons to back out of deals.

There are currently 783 Commercial Real Estate listings for sale close to San Antonio, TX. The newest listings are at all times featured on LoopNet, and new properties are listed for sale regularly. Whether it becomes your forever home or not, your new home might be a useful funding. The housing market favors these stunning residences because of how they are constructed and the place they are positioned. If you promote homes for sale san antonio sooner or later, you’ll probably benefit from an incredible return in your funding. This information is supplied for general informational purposes solely and shouldn't be relied on in making any home-buying choices. Contact a neighborhood actual property professional or the varsity district for present data on schools.

With New Western and do more offers with our agents who are experts in their native markets. A licensed native New Western agent will work to deliver the type of residential funding properties that meet your distinctive investing needs and exit strategy. As a real property investment market, New Western offers an enormous inventory of curated properties to satisfy your investment methods. Schedule a walk-through of the house you need new home builders san antonio to promote with certainly one of our licensed, native brokers who can make a reliable money offer without the necessity for repairs. Join New Western’s national marketplace of over a hundred and fifty,000 actual property traders who’ve bought and sold more than $15 billion in properties since 2008. Champions School of Real Estate® is proud to be one of the respected Real Estate colleges in Texas!

Find San Antonio particulars, actual property for sale, actual estate for lease and extra close to San Antonio Homes and Houses for Sale & Rent . Search 6,353 homes for sale in San Antonio and 1,665 homes for rent in San Antonio - View 8,018 San Antonio Homes and Houses for Sale and Rent. HAR.com is the Official MLS website and mobile app for home patrons and homes sellers. See Listing Details & Photos, School & Neighborhood info and Contact Agent. The information regarding actual property for sale on this web site comes in half from the Internet Data exchange program of the San Antonio Board of Realtors. IDX info is offered solely for customers' private, non-commercial use and may not be used for any function apart from to establish prospective properties shoppers may be interested in purchasing.

But there are “more new homes beneath construction right now than we’ve ever observed,” Dean stated. More than 88,000 homes have been under construction throughout Austin, San Antonio, Houston and Dallas-Fort Worth at the end of June, Dean mentioned. And the state’s projected development in population and jobs is expected to maintain demand for homes up — though much less so than during the height of the pandemic.

LoopNet is probably the most trafficked business real estate market online and has roughly 800 new listings added daily. Check again typically to be amongst the first to discover new investment alternatives as they hit the market. View hi-res photos, 3D tours, floor plans, and researched content material solely out there here. Top San Antonio commercial actual property brokers and constructing homeowners use LoopNet to advertise San Antonio Commercial Real Estate to over 10 million unique searchers visiting us every month. Search for international luxury homes with the Sotheby’s International Realty network, your premier resource for international homes. Homes listings embody vacation homes, apartments, penthouses, luxurious retreats, lake homes, ski chalets, villas, and heaps of extra lifestyle options.

Click right here to request the complete record of standard features of this home. Mary Claire Patton has been a journalist with KSAT 12 since 2015. She has reported on a quantity of high-profile tales throughout her profession at KSAT and focuses on trending information and things new homes san antonio to do around Texas and San Antonio. Binkan Cinaroglu with Kuper Sotheby’s International Realty had the listing. Find an estate sale firm in San Antonio or fill out our estate sale questionnaire to have the companies contact you. Save Multifamily Real Estate Event San Antonio to your assortment.

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Apply now for Asset Depletion Loans Texas and Reverse Mortgage Texas at Berkshire Lending. Visit Now for More information. 

[alitonfinancetexas]

Specialized Mortgage Lender in Texas

A reverse mortgage is a kind of finance accessible to homeowners aged 62 and above. It enables them to borrow against their home equity. They will receive either a lump sum, fixed monthly payments, or a line of credit through the reverse mortgage scheme. Traditional mortgages require regular payments. But this is not the case with reverse mortgages in Texas. The borrower is not required to repay the debt during their lifetime. The loan is repaid when the homeowner passes away, permanently relocates, or sells the property. Senior homeowners in the USA are now realizing the value of their property and going with reverse mortgages for safe living.

Mortgage refinance in Texas offers essential funds to seniors whose wealth is primarily in their home equity (the home's market value minus any existing mortgages). While even the best reverse mortgage options can be costly and complex, they are more suitable for some homeowners than others. A primary objective of a reverse mortgage is to assist senior homeowners in converting a portion of their home equity into an additional income stream.

Are you leveraging this opportunity to expand your business offerings and boost your market share? Are fluctuating volumes of reverse mortgage documents hindering your ability to scale rapidly? Consider outsourcing reverse mortgage support services to Aliton Finance Texas. They can meticulously evaluate loan applications, identify potential risks, and ensure timely processing of eligible applications.

As a specialized reverse mortgage lending company, Aliton Finance Texas provides you with a team of skilled, certified, and experienced reverse mortgage experts. Their mortgage refinances experts in Texas deliver technology-powered solutions to automate redundant tasks. They can simplify the complex processes. They will increase your market share, improve your revenue, and minimize churn. They also eliminate operational overhead with their customized reverse mortgage assistance. They offer several attractive benefits that traditional banks cannot match.

Quicker Loan Closures

Obtaining approval and payment from conventional banks for standard financing involves extensive paperwork and prolonged reviews. The process requires multiple rounds of internal approvals and can take up to 90 days or more. The approval process in the case of a reverse mortgage in Texas takes a few days if you go with a reputed mortgage refinance service in Texas. It is useful to take a reverse mortgage loan to settle the future old age. Won’t you have the cash on hand to fund the medication or education, living, or a deal out of pocket? Working with mortgage refinance in Texas is often the quickest way to get it.

Fewer requirements to approve loans

A key advantage of taking a reverse mortgage in Texas over a traditional bank loan requires less paperwork. Conventional lenders are more interested in the value of the property rather than the income or credit history. They can assess the risk and may reject deals for various reasons. But getting a reverse mortgage in Texas is typically simpler.

Flexible Service

Working directly with private mortgage refinance services in Texas will bring you flexibility. They provide the chance to negotiate interest rates or loan terms that are often unavailable with traditional loans. Naturally, most lenders still follow general best practices to mitigate risk. Negotiating with the mortgage refinance service is far simpler than trying to convince a bank! Customers with reverse mortgages no longer have to make mortgage payments as well.

If you’re currently managing, or plan to manage, a reverse mortgage then Aliton Finance Texas, give you the best suggestion and make your job easy. If you’re seeking a capital partner, call Aliton Finance Texas to see what financing options you qualify for! They assure giving the older people an access to their much-needed equity.  

[mortgageandfinance]

Reverse mortgages in Texas are a popular financial option for seniors, providing a way to access home equity without repayment obligations during their lifetime. With around 60,000 HECM loans taken out annually, Texas ranks third globally in embracing this financial tool. Learn more about the benefits and considerations of reverse mortgages in Texas through a comprehensive guide.

[larinah]

They took everything from your family, this is your chance to take it back. Paying them back with their own money, well if that ain’t Texan I don’t know what is.

[reversemortgagelive123]

Looking for a reverse home mortgage in Texas? Reversemortgagelive.com is a leading provider of a reverse mortgages in Texas. With high-risk lending experience, we help seniors and retirees secure their retirement with a reverse mortgage. Investigate our website for more details.

[robertreich]

Trump Rushed to Reopen America. Now Covid is Closing in on Him

Donald Trump said last Thursday’s jobs report, which showed an uptick in June, proves the economy is “roaring back”.

Rubbish. The Labor Department gathered the data during the week of June 12, when America was reporting 25,000 new cases of Covid-19 per day. By the time the report was issued last week, that figure was 55,000.

The economy isn’t roaring back. Just over half of working-age Americans have jobs now, the lowest ratio in over 70 years. What’s roaring back is Covid-19. Until it’s tamed, the economy doesn’t stand a chance.

The surge in cases isn’t because America is doing more tests for the virus, as Trump contends. Cases are rising even where testing is declining. In Wisconsin, cases soared 28% over the past two weeks, as the number of tests decreased by 14%. Hospitals in Texas, Florida and Arizona are filling up with Covid-19 patients. Deaths are expected to resume their gruesome ascent.

The surge is occurring because America reopened before Covid-19 was contained.

Trump was so intent on having a good economy by Election Day that he resisted doing what was necessary to contain the virus. He left everything to governors and local officials, then warned that the “cure” of closing the economy was “worse than the disease.” Trump even called on citizens to “liberate” their states from public health restrictions.

Yet he still has no national plan for testing, contact tracing and isolating people with infections. Trump won’t even ask Americans to wear masks. Last week, Democrats accused him of sitting on nearly $14 billion in funds for testing and contact tracing that Congress appropriated in April.

It would be one thing if every other rich nation in the world botched it as badly as has America. But even Italy – not always known for the effectiveness of its leaders or the pliability of its citizens – has contained the virus and is reopening without a resurgence.

There was never a conflict between containing Covid-19 and getting the economy back on track. The first was always a prerequisite to the second. By doing nothing to contain the virus, Trump has not only caused tens of thousands of unnecessary deaths but put the economy into a stall.

The uptick in jobs in June was due almost entirely to the hasty reopening, which is now being reversed.

Arizona’s Republican governor, Doug Ducey initially refused to order masks and even barred local officials from doing so. Last week he closed all gyms, bars and movie theaters. The governors of Florida, Texas and California have also reimposed restrictions. Officials in Florida’s Miami-Dade county recently approved reopening of movie theaters, arcades, casinos, concert halls, bowling halls and adult entertainment venues. They have now re-closed them.

And so on across America. A vast re-closing is underway, as haphazard as was the reopening. In the biggest public health emergency in US history, in which nearly 130,000 have already lost their lives, still no one is in charge.

Brace yourself. Not only will the virus take many more lives in the months ahead, but millions of Americans are in danger of becoming destitute. Extra unemployment benefits enacted by Congress in March are set to end July 31. About one in five people in renter households are at risk of eviction by September 30. Delinquency rates on mortgages have more than doubled since March.

An estimated 25 million Americans have lost or will lose employer-provided health insurance. America’s fragile childcare system is in danger of collapse, with the result that hundreds of thousands of working parents will not be able to return to work even if jobs are available.

What is Trump and the GOP’s response to this looming catastrophe? Nothing. Senate Republicans are trying to ram through a $740 billion defense bill while ignoring legislation to provide housing and food relief.

They are refusing to extend extra unemployment benefits beyond July, saying the benefits are keeping Americans from returning to work. In reality, it’s the lack of jobs.

Trump has done one thing, though. He’s asked the Supreme Court to strike down the Affordable Care Act. If the court agrees, it will end health insurance for 23 million more Americans and give the richest 0.1% a tax cut of about $198,000 a year.

This is sheer lunacy. The priority must be to get control over this pandemic and help Americans survive it, physically and financially. Anything less is morally indefensible.