Costs to Consider When Buying a House
Your day burns brightly on both ends.
PACE Loans Borrowers Often Uninformed
It sounds almost too good to be true: Major high-dollar home repairs, such as new hurricane-resistant impact windows, roof replacement, solar energy systems, hot water heaters, air conditioning systems and more, financed with no money down and no credit check.
Home Buyer Averts Title Company Scam
We've heard of scams that often cost victims hundreds or thousands of dollars, which is bad enough.
Wall Street Volatility Impacts US Housing Market
Worries about higher interest rates have sent Wall Street into a tailspin during recent days.
How To Buy New House Before Selling Old One
A homeowner who wants to exchange the house in which she lives for another one that better meets her current needs and capacities can save herself much grief and expense by buying the new house before selling the old one.
Using Reverse Mortgage as Retirement Income Stream
In the first quarter of 2017, U.S. seniors had an estimated $6.3 trillion locked up in home equity.
Understanding a Reverse Mortgage
A reverse mortgage is a type of home-equity loan that's reserved for older homeowners and does not require monthly mortgage payments. Instead, the loan is repaid after the borrower moves out or dies.
Best Reverse Mortgage Option for Limited Period
"I am interested in your opinion of the following plan: Take a HECM reverse mortgage on my home, which is worth $1,000,000 and will appreciate by 3.5 percent a year. I would draw on the HECM for cash to invest or monthly income, then sell the house after 12 years, repaying the HECM from the house appreciation."
Evaluating Options for Accessing Home Equity
Borrowing against the equity in your home can often be a good way to get access to cash quickly. You have several loan options -- such as a cashout refinances, home-equity loans or home-equity lines of credit -- but you need to have a good reason for tapping the equity in your home before deciding on one.
Consumers Impacted by Changes in Mortgage Rules
Getting a mortgage today is much different than it was before the financial crisis.