Latest news with #Platinum
Yahoo
7 hours ago
- Business
- Yahoo
ValOre Shares Exploration Plans For Combined Pedra Branca Gold And PGM Projects
ValOre Metals (VO.V) on Tuesday said it will combine the Pedra Branca gold project with its Platinum Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 days ago
- Business
- CNBC
The 5 best alternatives to a reverse mortgage
If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your insurance premiums, home repairs and property taxes — no payments is due until you sell the house, stop living there full-time or pass away. But there are some major restrictions: To qualify for a government-backed home equity conversion mortgage (HECM), the most common reverse mortgage, you must be at least 62 and have 50% equity in your home. There are also unique risks: When you leave the house (or if you fall behind on upkeep), the loan and interest come due in full. That could leave you or your heirs with a thorny financial mess and even the prospect of foreclosure. So, before you apply for a reverse mortgage, consider these alternatives. Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent online for personalized ratesHECM, HomeSafe Standard jumbo, HomeSafe Second second lien, EquityAvail Terms applyApply for personalized ratesHECM reverse, HECM for purchase, Platinum Mortgage (proprietary loan with larger limits and a low age requirement of over 55) Terms apply Like a reverse mortgage, a HELOC lets you access cash by borrowing against the equity in your home. It's a revolving line of credit, so you can borrow only what you need during the draw period, which typically lasts 10 years, and only have to make payments on the interest. After the draw period ends, however, you'll need to make monthly payments on the principal and interest, typically over a 20-year timeframe. You can use the funds for whatever you want, but if you invest in significant home renovations or repairs, a portion of the interest is tax-deductible. Minimum credit score: 620Home equity: At least 15% to 20%Debt-to-income ratio: 43% or less for the best rates, 50% at the most. A home equity loan is another way to get cash using the value of your home. Your lender will provide you with a one-time lump sum payment that you'll start repaying immediately and continue for a period of anywhere from 5 to 30 a HELOC, a portion of the interest on a home equity loan is tax-deductible if you use the money for home improvement. Minimum credit score: 620Home equity: At least 15% to 20%Maximum debt-to-income ratio: 50% at most, 43% for the best rates If you want a significant payout with less risk, cash-out refinancing replaces your existing mortgage with a larger loan that allows you to take the excess as cash. You can typically get approved for up to 80% of your home's value, and in some cases, as much as 100%. If your home is worth $400,000, for example, and you have $100,000 remaining on your mortgage, you could refinance with a loan for $320,000 (an 80% loan-to-value ratio). The first $100,000 is applied toward your existing mortgage, and the remainder is turned over to you for whatever you want to spend it on. The repayment terms are similar to a purchase mortgage: Typically, you'll have a 30-year term with a fixed interest rate. There's still the risk of losing your home, but you'll be making smaller monthly payments rather than one big one. Minimum credit score: 620Home equity: Typically 20%, but as low as 0% with some loansMaximum debt-to-income ratio: 50% at most, 43% for best rates With a home equity sharing agreement, an investor pays you cash in exchange for a portion of the value of your home. Like a reverse mortgage, you repay their investment when you sell the property (or after a term specified in your contract). One benefit of a home equity sharing arrangement is that the credit requirements are much more flexible than a HELOC, home equity loan or cash-out refinancing. Minimum credit score: 500Home equity: 25%Maximum debt-to-income ratio: None Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent availability.15 to 30 years50025%10, 15 or 20 years68020% If you don't want to take out a home loan or sign away a portion of your equity, you could downsize to a more modest property. Existing homeowners are sitting on an average of about $310,000 in home equity, according to ICE Mortgage data, which would be money in your pocket if you sold. You could even relocate to an area with a lower cost of living and save on homeowners insurance, property taxes and other housing expenses. A reverse mortgage allows borrowers to access cash through a loan backed by the value of their home. Unlike a home equity loan or line of credit, the borrower does not need to make any payments until they sell the house, move out or die. Then, the loan and interest is due in full. Reverse mortgages require a balloon payment 30 days after the borrower sells the property, stops using it as their primary residence or dies. In addition, the loan will come due in full if you fail to stay current with property taxes or homeowners insurance. A home equity conversion mortgage, or HECM, is the most common type of reverse mortgage. It is backed by the Federal Housing Administration and, in 2025, is capped at $1,209,750. Home equity loans and HELOCs are harder to be approved for than a reverse mortgage, but they have fewer risks, lower costs, and more tax advantages. In addition, they don't have age requirements and require less home equity. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of mortgage products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Yahoo
4 days ago
- Business
- Yahoo
Kind Lending Continues Strategic Expansion with Industry Standout Stacy Chevalier
SANTA ANA, Calif., May 29, 2025 /PRNewswire/ -- Kind Lending proudly announces the appointment of Stacy Chevalier as Regional Manager, bringing her extensive mortgage industry expertise and proven leadership to support the company's rapid growth and ambitious plans to expand its market presence while maintaining a culture rooted in innovation and kindness. Kind Lending Strengthens Leadership with Stacy Chevalier as Regional Manager Stacy brings more than 25 years of mortgage industry experience, with a standout track record of building and leading top-performing sales teams. Known for her strong leadership, strategic mindset, and consistent recognition as a top producer, including multiple Chairman's Elite and Platinum awards, she has become a respected force in the industry. Her ability to scale teams, drive production, and cultivate winning cultures makes her a powerful addition to the Kind movement. "I'm beyond excited to join a company that's not only shaking things up in the industry but doing so with heart," said Chevalier. "Kind Lending is growing fast because it's doing things differently—and doing them right. I'm honored to be part of that momentum." Tammy Richards, President of Retail at Kind Lending, said, "Stacy's appointment strengthens our leadership team at a critical time in Kind Lending's expansion. Her proven ability to build high-performing teams and execute growth strategies aligns perfectly with our goals to deepen market presence and elevate service standards. We are confident Stacy will be instrumental in driving our continued success." Driving Growth and Innovation In her new role, Chevalier will drive market expansion efforts, coach and empower sales talent, and strengthen Kind Lending's presence in key regions. Her leadership will further fuel Kind's mission to deliver thoughtful mortgage solutions backed by kindness, innovation, and integrity. About Kind Lending At Kind Lending, we believe in reshaping the home financing experience through innovation, transparency, and a customer-first approach. By leveraging cutting-edge technology and a team of passionate mortgage professionals, we provide a seamless, stress-free loan process tailored to meet the diverse needs of our borrowers. Founded by industry veteran Glenn Stearns, Kind Lending has quickly become one of the nation's fastest-growing mortgage lenders, built on a culture of kindness, collaboration, and forward-thinking solutions. View original content to download multimedia: SOURCE Kind Lending, LLC Sign in to access your portfolio
New York Post
4 days ago
- Sport
- New York Post
Marlins DFA infielder Ronny Simon days after three-error game
Ronny Simon's tough week just got worse. The Marlins designated the 25-year-old rookie utility player for assignment Friday afternoon. Simon made headlines for all the wrong reasons this week after he tallied three fielding errors in just four innings against the Padres on Tuesday and was spared of a fourth by the scorekeeper. 3 Simon was in tears during his tough game. @js9inningsmedia/X Simon was brought to tears in the middle of the game over his performance and wound up being replaced after the fourth inning — running off the diamond and into the clubhouse. With his emotions clearly running high, Simon received plenty of support — particularly from the Padres players. 'It happens, it's baseball,' San Diego star Fernando Tatis Jr. said after the game. 'Everyone that has won a Platinum or Gold Glove has had one of those nights. I definitely know he's a great player, he has won MVP from Winter League over there in the Dominican and I've seen him play really good baseball. I have no doubt he's going to be a really good baseball player.' Simon also said he received positive messages from Padres stars Manny Machado and Luiz Arraez, as well as Mariners pitcher Luis Castillo and former MLB star Robinson Cano. 'A lot of emotions yesterday,' Simon said the next day. 'I feel bad and sad for that one. Try to keep working hard every day, I try to go to the field and be better every day.' Miami held a 6-0 lead after just an inning against San Diego but the lead quickly dissipated, with Simon's errors majorly contributing. His first error was a throwing error to the plate which allowed a run to score. He then had a chopper go past him to score a run — it was initially ruled an error but was later changed to a hit. 3 Ronny Simon doesn't make the play on a ball hit by the Padres. Denis Poroy-Imagn Images In the fourth inning, he made back-to-back errors with a fielding error and then a throwing error. One batter later, the game was tied. The Marlins would lose the game, 8-6. Simon was just added to Miami's 40-man roster last month after signing a minor-league deal with the team in the offseason. He hit .354/.441/.521 in 15 Triple-A games, which led to his promotion to the majors. 3 Ronny Simon batted 1-for-2 in Tuesday's game with an RBI. Denis Poroy-Imagn Images In 56 plate appearances in the bigs, he slashed .234/.327/.277. He made just one fielding error in 18 games prior to his brutal outing Tuesday. Upon being designated for assignment, Simon can be claimed and added to another team's 40-man roster or he could land back in Miami's minor-league system.
New York Post
6 days ago
- Sport
- New York Post
Marlins infielder Ronny Simon bolts off field after three-error game — and never returns
As Ronny Simon walked to be with his teammates at the mound, he grabbed his jersey to wipe away the tears from his eyes. Disaster unfolded Tuesday in just his 19th career game, with the 25-year-old utility player committing three errors and being spared a fourth in the first four innings of an 8-6 loss to the Padres. Simon's mistakes played a large role in why San Diego (31-22) rallied from a six-run, first-inning deficit, and the magnitude of it all seemingly resulted in him being pulled after just four innings. Advertisement 4 Simon wiping away the tears. @js9inningsmedia/X 4 Simon had tears during his right night. @js9inningsmedia/X 'It happens, it's baseball,' Padres star Fernando Tatis Jr. said after the game. 'Everyone that has won a Platinum or Gold Glove has had one of those nights. I definitely know he's a great player, he has won MVP from Winter League over there in the Dominican and I've seen him play really good baseball. I have no doubt he's going to be a really good baseball player.' Advertisement Young teams like the Marlins are going to go through growing pains, and Simon had one of those nights that almost every big leaguer will have to endure and then forget. The ball, it seemed, just kept finding Simon, and the errors kept piling up. His first blunder came in the second inning after he could not field an RBI single to his left from Tyler Wade, with the ball careening off his glove. Advertisement 4 Simon runs off the field Tuesday night. @js9inningsmedia/X Simon then fired wildly to the plate, which allowed another run to score and cut the lead to 6-3. The home scorer saved Simon from an error in the next inning when a chopper that the infielder should have fielded instead went by him, allowing a run to score and moved a runner to third with one out. The play initially had been ruled an error before being switched to a hit, per the Associated Press. Advertisement Not making the play also helped the Padres tack on another run to make it a 6-5 game. 4 Simon made an error on this play. Denis Poroy-Imagn Images Simon then endured his worst frame in the fourth when he made an error on back-to-back plays to start the frame, the first a fielding error and then a throwing error. Misplaying those two balls allowed the Padres to tie the game one batter later when Luis Arraez singled. Simon later exited the field with the team in the fourth inning before being replaced for the bottom of the fifth. He finished 1-for-2 with an RBI. The Marlins (21-32) aim to avoid the three-game sweep in Wednesday's series finale.
