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Editor’s note: This article has been updated to reflect Attom data solutions’ recalculation of U.S. home loan originations in Q2 2018. New York ($62,108); and Naples, Florida ($60,000), all had.
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The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a "home equity loan"), renovation loans, bond loan programs, down payment assistance programs or personal loans (i.e., loans that are not secured by the.
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· The loans enable seniors to age in place but have failed many who can’t pay insurance or taxes. Lenders foreclose and borrowers lose homes.
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