Deciding on Right Reverse Mortgage
Among the challenges faced by seniors considering a reverse mortgage is deciding which type best meets their needs.
When to Use a No Closing Cost Mortgage
A mortgage isn't free -- there are fees associated with getting the loan. Those closing costs usually total thousands of dollars. Besides writing a check to pay those fees at the closing table, there's another way to pay them when you refinance your mortgage: by adding them to the loan amount. The result is called a no-closing-cost refinance.
Home Buying With Little or No Down Payments
Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment.
What to Know About This Week's Mortgage Rates
The good news is the U.S. economy is growing with more than 15 million jobs gained this decade following last week's job report that said 235,000 were added in the first full month of President Donald Trump in office.
Reverse Mortgages as Part of Retirement Strategy
Financial planners, who once disparaged reverse mortgages, are beginning to recommend them for clients as a proactive retirement income strategy, rather than a last-ditch effort to remain in a house.
Understanding Who Pays for Mortgage Insurance
Last week, I wrote an article on how home mortgage borrowers who have been required to purchase mortgage insurance could earn a high rate of return by paying it off. That article ignored what would have been the first question posed by a smart visitor from Mars: Why does the borrower pay for insurance that protects the lender?
Paying Off Mortgage Insurance is Good Investment
Home purchasers who were obliged to take out private mortgage insurance, or PMI, because their down payment was less than 20 percent have the right to cancel it, ridding themselves of the monthly premium.
Factors to Consider In Downsizing Home
Yeah, I've reached that age.
The ABCs of Reverse Mortgages
Occasionally, I like to play professor by answering some of the more-interesting questions I have received. The ones I respond to below are all interesting for different reasons.
FHA Mortgage Costs Cut
Southwest Florida homebuyers could save a little money under the new mortgage insurance premium reduction taking effect this month on loans backed by Federal Housing Administration.