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Mortgage News
for Current and Prospective Borrowers

Last Updated June 24, 2016 12:20 PM Central

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Understanding Federal Reserve's Impact on Rates
In December, the Federal Reserve raised interest rates for the first time in nearly a decade. And though the increase was small, it had a ripple effect.

Reverse Mortgage Options for Home Purchase
Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners.

Wraparound Mortgages Turns Sour for FL Homeowners
As first-time homeowners, Angela and Luis Funez feel like they did everything right.

Important Mortgage Closing Documents
In the first two parts of this series of columns, I explained how the large number of documents involved in a mortgage closing can be divided into four basic groups, each of which should be viewed as distinct by borrowers. In this installment, I'll review the categories I refer to as "educational documents" and "future use documents."

Falling Mortgage Rates Mean Refinance Opportunity
If you are hoping for a lower monthly mortgage payment, shorter terms, or a fixed rate, experts say now is a good time to get moving to refinance.

Magnum P.I. Pitching Reverse Mortgages
Actor Tom Selleck has been named the spokesman for reverse mortgage lender American Advisors Group in Orange, California.

Some Mortgage Closing Documents Not Critical
Everyone who has ever closed a real estate transaction knows that the number of documents that must be signed at the closing table is enormous.

The Pros and Cons of Reverse Mortgages
Cash-strapped baby boomers entering their retirement years might look to generate additional income by using a reverse mortgage to tap into their home equity.

Pick House Then Rent With Option to Buy
After Chris Verville moved to Sarasota, Florida, for a job in 2012, he soon decided he wanted to buy a home for his growing family.

Interest Rises Among 1st-Time Home Buyers
Kaleb Wingate grew up in Haywood County, North Carolina, and after graduating from law school, his options were wide open, but he elected to come home to Haywood to begin his career.

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