Slight Improvement in Mortgage Rates
Mortgage rates have dropped slightly, Freddie Mac's survey of lenders shows, with the average for a 30-year fixed home loan at 3.65 percent, down from 3.67 percent in last week's report.
ABCs of Mortgage Closing Costs
Taking out a mortgage is a costly enterprise, with fees you probably don't expect. It pays to know what you are in for when applying. Since the housing bust, many lenders tightened their standards, which means more hurdles for you.
Mortgage Qualification Requirements Not Always Clear
Some of the more interesting questions I receive from readers are about unusual situations that may affect their ability to qualify for a mortgage. The rules are not always crystal clear, which is why lenders continue to rely on underwriters whose stock in trade is good judgment. Here are a few illustrations:
Winding Down Mortgage Heading into Retirement
Many people approaching retirement face choices on what to do about their home mortgages, especially if they are nearing a payoff or need to tap the equity for living expenses.
Leave Your Mortgage Outstanding and Invest
Should you invest with your spare cash or pay off your mortgage early? As with most financial planning decisions, the answer is not black and white.
Mortgage Rates Ease On Weak Employment
Fixed mortgage rates moved lower this week on news of weakness in the labor markets, with Freddie Mac saying lenders were offering conventional 30-year loans at an average of 3.66 percent, down from last week's 3.7 percent.
Falling Mortgage Rates a Welcome Sign
Mortgage rates fell this week, with lenders offering a 30-year fixed loan at an average of 3.69 percent, down from 3.78 percent a week ago, Freddie Mac said.
Home Equity Lines of Credit Making Comeback
Mark and Debbie Chupa have lived in their Muskego, Wis., home for 20 years, and for at least the last 15, they've wanted to remodel the kitchen.
Do Research Before Getting a Reverse Mortgage
Lately, seniors have asked me to investigate reverse mortgages. They've seen the television commercials with happy people, traveling and enjoying the high life. They want to know is there a catch?
Mortgage Rates Improve
Long-term interest rates declined this week, with Freddie Mac saying lenders were offering conventional 30-year mortgages at an average of 3.78 percent, down from 3.86 percent a week ago.