Despite Election Bump, Mortgage Rates Still Low
Add this to all the other outcomes of the nation's presidential election: Mortgage rate jitters.
Documentation Needed for a Reverse Mortgage
When you apply for a reverse mortgage loan, you will need to provide some documentation.
How Credit Scores Impact Your Life
Maintaining your credit score is like trying to hold a snake. It twists. It changes direction seemingly on whim. And it's tempting to simply throw up your hands and let the snake go. But that can be a very bad idea.
Reverse Mortgages and Appreciation, Depreciation
The opportunity to accumulate growing equity in a home is one of the main reasons people are motivated to become homeowners.
The Reverse Mortgage Journey
Before Lisa Mayo got a reverse mortgage loan, she did her homework, just as you might be doing.
Mortgage Fees Rise, Though New Regulations Help
Mortgage fees went up only slightly this year, an exclusive Bankrate.com survey finds, even as lenders complain that new federal regulations have dramatically increased their costs.
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.