A warning and an ensuing update. Reverse mortgages have been the subject of a flurry of developments where the FHA, as insurer of most of these mortgages, is concerned. Since its inception, a reverse mortgage has been designed for senior borrowers to draw funds from their equity-rich homes. Because it works differently from that of… Read More
Blog
Can’t Pay Your Mortgage? Consider a Loan Modification.
A loan modification is a form of financial relief process that helps homeowners who are struggling to pay their mortgage payments. Are you currently having difficulties paying your mortgage because you lost your job? Perhaps somebody in your family got sick? Maybe your business has failed and you’ve got no Plan B? Many times, life… Read More
You Should Explore Your 100% Home Financing Options
In the recent years, more and more millennials are coming of age. Their generation is transitioning into adulthood. That being said, they now are the largest generation to make up the housing market. 35 percent of America’s young adults now live in their own residential properties. Millennials who have not purchased their first homes yet… Read More
Beef Up Your Financial Well-Being with these Smart Moves
Debt is as American as apple pie. Debt alone is not bad. The access to credit has provided many with a great opportunity to improve their financial situation. Debt, when handled and managed carefully, will not be a problem. However, one single mistake can lead you to financial ruin. You want to sleep without having… Read More
5 Top Reasons Why You Should Get a Mortgage Refinance
Getting a mortgage refinance is not an easy journey. Before you decide on it, you should know if refinancing is a good idea and if you’re financially ready to apply for one. Other than that, there are things you need to consider before doing so. But then it’s also important to point out your reasons… Read More
In Matters of Home Equity, Reverse Mortgage vs Home Equity Loan
Both reverse mortgages and home equity loans help homeowners unlock and use their home equity for several purposes. Supposing you can have both but only need one, which would be most helpful to you? Would you go for a reverse mortgage or a home equity loan? Well, your choice in tapping your home equity would… Read More
Top 10 Home Loan Calculators
There are many mortgage calculators and real estate tools on the web today, but only a few are as useful to the average consumer. Here is a list in no significant order. 1. Simple Mortgage Calculator This has to be the most popular calculator. It’s a very simple and basic calculator to figure out your… Read More
