Owning a home is a part of the American Dream. Unfortunately, hard economic times have plagued a large portion of the U.S., making it difficult for citizens to keep their homes. To help millions of people afford to stay in … Read More
If you’re a senior aged 62 or older, own your home, and are looking for a way to increase your income and/or quality of life during retirement, you might like to consider a reverse mortgage loan. In this post, … Read More
As a homeowner, there may come a time when refinancing your home is ideal. Refinancing allows you to pay off your existing mortgage and then get a new one with new terms. This includes lower interest rates or a … Read More
While we all usually try to avoid debt, for most folks, it’s a fact of life. The average American family has over $8,000 in credit card debt alone. When you have multiple loans with different interest rates and different … Read More
Home loan demographics are changing as demographics as a whole are changing. A new generation is reaching adulthood, resulting in a spike of people looking to buy a home. With this spike comes its own challenges. That’s particularly … Read More
FRIDAY MARCH 31, 2017 Mortgage News – 11:00 amEverything You Need to Know About the Moody’s Settlement and Subprime Mortgages TodayLife, in all of its unpredictability, does its best to make sure that we all fall on hard times. Some … Read More
A modification to an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. Loan Modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type … Read More
Life, in all of its unpredictability, does its best to make sure that we all fall on hard times. Some of us are thankful for the subprime home loans that have helped us keep roofs over our heads. Sometimes, however, … Read More
FRIDAY FEBRUARY 28, 2017 Mortgage News – 11:00 am The Major Fannie Mae 2017 Mortgage Changes You Need to Know Big things are happening with mortgage changes this year. And, it’s the kind of stuff you need to know about. … Read More
The 6 Major Fannie Mae Mortgage Changes For This Year You Need to Know No Appraisal? No Problem! The first good thing with the new era of mortgage changes at Fannie Mae is that there will be some appraisal relief for some … Read More