Mindblown: a blog about philosophy.

Residential property sales totaled ↑ 0.1% yearly to 1,134. Pending sales ↑ 3.9% yearly to 1,311.

Conditional approval in the mortgage process is a crucial step where a lender approves a loan pending certain conditions. Meeting these conditions is necessary for final approval before closing on a home. Pre-qualification and preapproval are earlier stages in the process, with preapproval requiring more detailed financial information. Final approval, also known as unconditional approval,…

A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage insured by the Federal Housing Administration, allowing seniors to cash out their home equity. Borrowers must be at least 62 years old and can receive monthly payments without penalties. Heirs have options to repay the loan or sign over the home. The process…