How FHA Reverse Mortgages are Closed
Q: What happens to the house of someone who secures a reverse mortgage?
Options When Your Mortgage Exceeds Home's Value
First, you probably know what it means, but just to be sure... You are underwater if first, you took out a mortgage on your home and you still owe money on it. And second, your home value -- what it would fetch on the market -- is less than the amount that you owe on the mortgage.
What to Shop for in a Mortgage
A mortgage shopper assumes responsibility for determining the type of mortgage that best meets her needs and finding the loan provider offering the best (or close to the best) price on that mortgage.
Reverse Mortgages for Senior Emergencies
A recent U.S. News & World Report article described how the elderly can prepare for three different emergencies commonly faced by those of retirement age. The article didn't mention, however, the best solution to two of the three problems: a reverse mortgage.
Tips for Buying Foreclosed Properties
Despite increases in home prices and a stabilizing housing market, many experts say the foreclosure crisis is far from over.
Government Extends Mortgage Refinance Program
Seven years after the height of the housing bust, South Floridians still "underwater" on their mortgages could qualify to refinance under a government program that touts an average statewide savings of nearly $200 a month.
What You Need to Know About Applying for Home Loan
Put yourself in a mortgage lender's shoes: Before giving someone a big loan, wouldn't you want to know a lot about them?
ABCs of Interest Rates on Home Loans
The largest financial transaction most homeowners undertake is their home mortgage, yet very few fully understand how mortgages are priced.
Determining Reverse Mortgage Eligibility
A recent change added two steps to the process of obtaining a reverse mortgage.
Deciding About Getting a Reverse Mortgage
Many senior homeowners are attracted to the idea of using a reverse mortgage to draw additional funds but are so fearful of making a costly mistake involving their house, or being taken advantage of by loan providers, that they are immobilized and do nothing.