FHA Rates Better Than Conventional Rates
Conventional wisdom has home shoppers with a low-down-payment FHA loan having a higher rate. But FHA rates have consistently been lower than conventional rates.
Choosing Right Type of Mortgage Lender
There was a time when most homebuyers obtained their mortgage loans through their banks or credit unions.
Picking Right Combination of Mortgage Rates, Fees
How can a product have more than one price? If the transaction is not consummated entirely at one time but extends into the future, there can be a price to be paid now and a price that will be paid later.
How to Handle Inherited Home With Reverse Mortgage
Question: My mother passed away recently, leaving behind a small condo with a reverse mortgage. There is no equity in the property. Do I need to do anything about it?
Qualifying for a Home Loan
Nearly 20 years ago, when I first tackled the topic of qualifying for a mortgage in this column, I felt it necessary to emphasize to potential borrowers that they were not beggars who had to approach lenders hat in hand.
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.