Are you thinking of buying a house? With pending home sales on the rise and new single-family purchases expected to increase over 18% through the end of 2019, you’re not the only one. However, the ... Read More about Types of Home Mortgage Loans
Reverse mortgages are gaining in popularity, as many senior citizens stretch for creative ways to maintain their living standards in an era of near zero interest rates on savings instruments. There’s ... Read More about Reverse Mortgages – The Good and the Bad
As a way to increase mortgage affordability, mortgage lenders are beginning to resurrect the 40 year mortgage. Not that it was ever that popular during the housing boom of the early 2000’s, but it is ... Read More about Say “No” to the 40 Year Mortgage
Stretching yourself financially to purchase a home is usually a bad idea. (How bad? These types of purchases helped fuel the housing bust of just a few years ago.) However, in some occasions you ... Read More about What is an 80-10-10 Mortgage?
If you are halfway good at math then you understand that, assuming all else equal, a 15 year mortgage will always beat a 30 year mortgage. This is a fact that many financial planners and talking heads ... Read More about 15 Year Mortgage Test – Can You Afford It?
From the advertisements you see on daytime television, it would seem like reverse mortgages are the easy answer to any senior citizen who finds that he hasn’t saved enough for retirement. But what ... Read More about An Introduction to Reverse Mortgages
When my wife and I purchased a home a few months ago, we decided to use a VA Loan, which is a benefit available to US military veterans. VA Loans make it easier for military veterans to purchase a ... Read More about VA Home Loans – an Overview