First time im submitting an offer for a buyer that i have a 2.5% BBA on ratified and understood. Seller agent said seller only paying 2 %. Let him know well i'll need 2.5 with my sweet offer package , here you go, best of luck getting that other .5 for me for my buyer from your seller.

Are we really going to get into a whole separate round of negotiations between buyer and seller over the .5% ? Yes we are . Why? Because ive worked my…READ MORE

-Steve Eveleth, Top contributor

The month in reverse mortgage rates: September 2024

In the August rate update, I explained why over 99% of Home Equity Conversion Mortgages (HECMs) are variable interest rate loans and the advantages of this over the fixed-rate counterpart. Some of those advantages improve over time, like the organic line-of-credit growth. So, would it make sense to apply right away, even though rates may decline in the future?…READ MORE