There are many loan options for those in need, and a reverse mortgage is a type of loan for seniors aged 62 or older. Reverse mortgage loans allow homeowners to convert their home equity into cash income with no monthly mortgage payments. Most reverse mortgages are federally insured but beware of reverse mortgage scams that… Read More
Nobody wants to hear the term “foreclosure” in regard to their home or property. This unfortunate process begins once someone falls behind on their mortgage payments, which pushes them into a “default”. Once a mortgagor enters the stage of default, they begin to accumulate late fees, legal fees, and other charges added to the outstanding… Read More
Getting ready to apply for a home mortgage application can be an exciting time. However, not everyone who is getting ready to apply knows what documentation is needed before and during the process. Here are three of the most important things every homeowner needs for proper mortgage application preparation. Get Your Documents in Order Before… Read More
Refinancing your mortgage can save you thousands of dollars in interest. It can also reduce your monthly payments significantly. So what are the signs that it’s the right time to refinance your mortgage? Here are the top things to look for to help you determine if it’s time for a home refinance. Your Interest Rate… Read More
Buying a house is a big deal and an important step in that is getting a mortgage lender. So how do you make sure you’re picking the right one? You make sure to do your research and ask the right questions! Not all lenders are the same, and it’s important to understand as much as… Read More
Private Mortgage Insurance, often abbreviated as PMI, can be defined as insurance that the borrower must pay to the lender until a certain amount of the loan is paid off. It keeps the lender financially secure, in case the borrower fails to pay the loan amount. It generally comes into picture when the borrower has… Read More
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