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GAME CHANGER: Nicholas Brownell, branch manager for Total Mortgage Service LLC in Newport, says in addition to a lower monthly payment for homeowners, affordable payment structures, such as a 50-year mortgage, could expedite home sales and benefit investors with improved cash flow management over a longer period.
PBN PHOTO/KATE WHITNEY LUCEY

Would 50-year mortgages ease affordability crisis?

The Trump administration has floated the idea of a 50-year mortgage as a way to make homes more affordable at a time of skyrocketing...
CHALLENGING MARKET: Butler & Messier Inc. insurance agent Ernie Shaghalian, left, chairman of the Government Affairs Committee of the Independent Insurance Agents of Rhode Island, meets with Mark Male, CEO and president of Rhode Island Association of Insurance Agents Inc. Shaghalian says the property insurance market is the worst he’s seen it in 45 years.
PBN PHOTO/MICHAEL SALERNO

Pullback by insurers adds to difficulty of house hunting

Finding a home in Rhode Island is difficult enough these days, but after prospective homebuyers pinpoint the rare house in their price range and...

Mortgage bankers honor achievers, select officers and board members

PROVIDENCE – Mortgage professionals from across New England recently honored two high achievers in the industry during the Rhode Island Mortgage Bankers Association 2019...
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