Tag Archives: Mortgage

Your home is one of the largest purchases that you’ll make in your life. While buying a new home is a goal for many adults, few people are fortunate enough to be able to pay for a home in cash. If you’re buying a home, you’re probably going to need …

While the year 2020 has been touch and go at points, the low interest rates it brought with it are certainly popular. Right now, 30-year mortgage rates are at a record-setting low, and refinancing is a bona fide trend. Most homeowners are itching to take advantage of those rates to …

A reverse mortgage allows homeowners 62 years and older to tap the equity they have built up in their homes over the years. Reverse mortgage requirements are very different from the rules that cover traditional mortgages, and it’s essential to understand them before deciding to take out such a loan. …

Many Americans are refinancing their mortgage rates right now due to the near record-low low interest rates we’ve seen since the start of the pandemic. There are tons of different refinance loans available, but in most cases, homeowners will choose to refinance to a fixed-rate mortgage. You might be surprised …

Before you start visiting open houses and bookmarking your favorite homes for sale, you should find out how much house you can afford — and what a lender is willing to let you borrow. You can get this crucial information through a mortgage prequalification. Too many buyers find the perfect …

COVID-19 has had a significant impact on just about every facet of the American economy. Mortgages have been no exception. Mortgage rates reached an all-time low in 2020, with buyers getting loans with rates below 3%. This year, a record number of people are refinancing their home loans in response …

With today’s low-interest rates, more and more people are able to refinance and get a better deal on their mortgages, but homeowners with bad credit scores may be left wondering whether they have a shot at refinancing their mortgages. The good news is that even homeowners with poor credit scores …

Photo by Andy Dean Photography / Shutterstock.com Paying off a home mortgage before you retire is a common goal, but it isn’t always the best financial strategy. It could end up costing you in the long run — such as by leaving you without cash savings to cover an unexpected …

[unable to retrieve full-text content] Refinancing is a big decision to make. Refinancing to a much shorter term will lead to higher monthly costs, but if you can handle them, then it’s a great way to save money on your mortgage. The post 10 Year Mortgage Refinance appeared first on …