Buying a home is a significant financial decision that comes with a multitude of choices and considerations. One of the most critical aspects of purchasing a home is understanding home interest rates. These rates can greatly affect the overall cost of your home and the affordability of your mortgage. In this article, we delve into […]
The Difference Between Being Pre-Qualified & Pre-Approved for A Mortgage Loan
For many people, buying a home is a significant life goal and long-term investment. A mortgage loan allows individuals to finance the purchase of a home, which may not be affordable upfront without a loan. The mortgage loan process provides the necessary framework for individuals to obtain financing and achieve their dream of homeownership. The […]
Buying a Home with a Reverse Mortgage Loan
Going into the senior citizen/retirement stages of your life should be exciting. After all, you’ve put in your time, you’ve raised your family, and you’ve worked very hard to get to this point. Taking the time to change speed and settle down may be all you’ve wanted to do for quite some time, and now […]
Reverse Mortgages for Seniors
Over the years, reverse mortgage plans have become more enticing for senior citizens needing extra financial support. Reverse mortgages allow seniors to access their home’s equity even if it’s value has not considerably risen. People are looking more towards reverse mortgages every year for additional support on home repairs, health-related needs, etc. But how does a […]
Mortgage Forbearance 101
Mortgage delinquency rates are steadily on the rise, and so is the volume of forbearance plans. The Mortgage Bankers Association shows that 8% of loans (almost 4 million homeowners) are now in forbearance programs. The unemployment rate has reached its highest peak since the Great Depression, and according to data, the economy has shed approximately […]
