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Mortgage News
for Current and Prospective Borrowers

Last Updated January 16, 2017 11:41 AM Central

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Wells Fargo Grants Up to $7,500 for NC Homebuyers
Wells Fargo & Co. is launching a new program that will enable eligible homebuyers in North Carolina's Wake and Durham counties to receive a matching grant of up to $7,500 for their down payment.

Retired Avoid Cash Crunch With Reverse Mortgages
An increasing number of retirees, who are living longer and are less likely to be covered by a defined benefit pension than previous generations, risk running out of money.

The Truth About Reverse Mortgages
Federal Housing Administration-backed home-equity conversion mortgages, or HECMs, are accessible to homeowners 62 and older. These reverse mortgage loans allow older Americans to tap into a portion of their equity to help supplement retirement income.

Understanding How Reverse Mortgages Work
Here is a guide to some of the most important reverse mortgage loan questions besides the ones you'll ask about interest rates and fees. The answers will help you understand who you're working with, how the reverse mortgage loan process works, how long it takes to get the proceeds of the reverse mortgage loan and who should be involved in the information-seeking and decision-making.

Choosing Between Cash Home Purchase or Mortgage
Maria aims to purchase a house for $200,000. Because she has financial assets of $300,000, one of her options is to buy the house for all cash.

Great Advice For Mortgage Shoppers in 2017
Home sales will accelerate, and Donald Trump will occupy the Oval Office. Those are two predictions we can make with confidence about 2017.

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.

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Refinance News
News about refinance programs, pricing and production.
H A R P 2.0 News
News stories about the H o m e Affordable Refinance Program including expanded program guidelines.

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