Loan Programs Making It Easier to Purchase Home
Home prices are rising across the country and mortgage rates, though still historically low, are up since the presidential election.
Understanding Mortgage Underwriting Process
An underwriter is an entity, typically a company, accountable for analyzing and assuming the risk of another entity. Underwriting typically happens behind the scenes but is an important aspect of mortgage approvals.
Closer Look at Down Payments for Home Purchase
I have written about making a small-as-possible down payment in the past and recently decided to take a fresh look at the topic.
Tips for Achieving Loan Approval
Getting approved for a loan is not an easy process. Banks are looking for a lot more in an applicant now.
Reverse Mortgages on Jumbo Properties
If you own a home worth $1 million, would it ever make sense to take out a reverse mortgage?
Deciding Whether to Pay Mortgage Points
When people want to find out how much their mortgages cost, lenders often give them quotes that include loan rates and points.
Options for Younger Spouses of HECM Borrowers
Question: I am 75 years old, my wife is 56, and our home is worth $400,000. Our equity in the house will be her main financial resource when I have departed. She wants to live in our home until the end. What is the best way to use a reverse mortgage to meet her needs after I'm gone?
More Consumers Choosing Adjustable-Rate Mortgages
As the housing market continues its slow rebound in Connecticut, mortgage rates will continue to play a vital role in maintaining momentum.
Refinancing Mortgage Into Higher Rate Can Make Sense
Rising rates tend to discourage homeowners from refinancing. But there are good reasons to refinance even when rates are going up, even if refinancing means paying a higher rate than you currently have.
Credit Scores Rising for Those w/Judgments, Liens
Ever struggle with trying to boost your credit score? Well, millions of consumers won't have to do anything but wake up to a higher credit score sometime in July.