Understanding the Language of Home Lending
If you've ever shopped for a mortgage, you've probably been overwhelmed by an alphabet soup of acronyms that seem to be designed to confuse the borrower at every turn.
Reverse Mortgages Better Than HELOCs
After some deep thought and research, I could find only one situation where a home-equity line of credit, or HELOC, might work better than a home-equity conversion mortgage, or HECM, in meeting the needs of consumers.
What to Look For When Getting a HELOC
Do I shop for a home-equity line-of-credit, or HELOC, in the same way as I would shop for another mortgage?
New Mortgage Disclosures Expected to Delay Closings
Big changes are planned for how homebuyers finance their mortgages, and that almost certainly means that closings will take longer. In some cases, closings that now speed through in 30 days probably will require at least 60 days.
Homebuyers Typically Out In Force During September
Jonathan Smoke, or DJ Smokey Smoke -- as the realtor.com chief economist referred to himself at one point, visited Pennsylvania's Lehigh Valley on Wednesday and dropped some knowledge on about 115 real estate professionals.
Credit Report Mistake Consequences Can Be Serious
You open up your credit report and it says you have a bad debt but you know it isn't true. How common is that?
Understanding New Mortgage Disclosures
Consumer-minded changes to the home-buying process are set to go into effect next month, leaving some in the mortgage industry wary of the potential creation of inefficiencies in the process.
A Little Insight About Reverse Mortgages
It's unlikely the costs of food, heat and medical care will remain unchanged after retirement.
Detroit Buyers Get Downpayment Help from Wells Fargo
Potential home buyers in Detroit and other communities will soon have a new source of down payment assistance from a Wells Fargo Bank, N.A., special program.
Mortgage Lenders To Begin Providing New Documents
A change in mortgage lending set to take effect Oct. 3 will provide another level of protection for consumers, but will create short-term growing pains for lenders.