Reverse mortgages can provide retirees with an additional source of income that will not require them to sell their homes and move into smaller or less amenable residences. These unique products allow users to tap into the equity in their homes and convert it into monthly cash payments that they [...]
Rates are creeping higher, but they're still near record lows. Consider these tips if you’re a potential homebuyer. Save for a down payment Although a 20% down payment on a mortgage is ideal, it's not mandatory. Many lenders expect buyers to put down at least 3%, aside from the Federal [...]
Buying a house is a little bit like dating. You don’t want to fall in love only to realize you can’t have the home of your dreams. Consulting a mortgage lender should be the first step in your home buying journey because it establishes reasonable expectations and provides proper financial [...]
When it comes to buying a home, there are different types of loans offered by lenders to consumers. Of course, keeping track of them all can confuse homebuyers, especially if it's their first time purchasing a house. Fixed Vs. Adjustable All loans adhere to either a fixed or adjustable mortgage [...]