Federal Program Finances Home Improvements
Hundreds of home improvements have been funded in South Florida through an innovative program that requires no cash up front, and credit scores aren't used to determine eligibility.
Understanding Reverse Mortgages
Reverse mortgages have become the cash-strapped homeowner's financial planning tool of choice.
Understanding Reverse Mortgage Options
When a borrower is weighing whether or not to take out a home equity conversion mortgage -- the reverse mortgage offered through the Federal Housing Administration -- there are three key decisions to consider.
Home Down Payments in High Priced Areas
Question: How much should someone have saved before they look into buying a $500,000 home in Hawaii?
Falling Rates Stimulate Mortgage Activity
Mortgage interest rates this week slipped to their lowest level in three years, adding fuel to an already sizzling spring housing market.
Mortgages Now Safer for Borrowers Than Pre-Crisis
Millennials who watched their parents or grandparents struggle with toxic mortgages, short sales and foreclosure might be reluctant to buy a home and get a mortgage themselves.
15-Year Mortgages Are the Wise Choice
While there is only one good reason for a prospective borrower to opt for a longer 30-year mortgage, there are several reasons to instead go with a 15-year loan.
Lease-to-Own Helps Some Become Homeowners
Lease-to-own contracts and land contracts are different legal ways to transfer occupancy of a property from an existing owner who does not want to occupy it to someone else who does but cannot immediately qualify for the financing required to purchase it outright.
Choosing Best Reverse Mortgage Options
This article describes the three major decisions that must be made in taking out a reverse mortgage. The purpose is to alert potential borrowers to the information they will need to make the best decisions possible, and where to get it.
Pros, Cons to VA Mortgages
Crossroads veterans are using a Department of Veterans Affairs home loan that is some times over looked or misunderstood, mortgage professionals said.