A reverse mortgage is a special type of home loan that allows borrowers who are at least 62 years old (and meet other eligibility requirements) to convert a portion of the equity in their homes into cash. Loan proceeds can be taken as a lump-sum or monthly payment or as a line of credit. Interest […]
5 things to know about getting a VA loan
Demand has been booming for Veterans Affairs mortgages, known as VA loans. These mortgages do not always require a down payment and are available to military veterans and active military members. VA loans are made through private lenders and are guaranteed by the Department of Veterans Affairs, so they do not require mortgage insurance. There’s […]
How Long Does it Take to Close a Mortgage
Refinance Mortgage Rates: Lenders Speed Refis To The Closing Table Homeowners in need of a fast refinance are in luck. Today’s mortgage rates are still ultra-low, but somewhat higher than they were. Millions of homeowners are now “out of the money” to refinance. But that’s good news for homeowners that were dreading months-long wait times at […]
5 Ways To Raise Your FICO Credit Score Today
Raise Your Credit Score Today It’s always a good time to set new goals and every consumer should consider making time to improve their FICO credit score. Not only can improving your FICO credit score improve your chances of obtaining a mortgage, but it could improve your auto insurance premiums and, possibly, make you a more attractive […]
New Rules In Effect For Self-Employed Mortgage Borrowers
Self-Employment Mortgages Get Simpler For the 14-million self-employed borrowers nationwide, it’s getting easier to get approved for a mortgage. Recently, Fannie Mae issued new loan guidelines related to self-employment income. Some of the highlights include a documentation reduction from two years of federal income tax returns to one, in certain cases; and, a new income […]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 8
- Next Page »
