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74 Articles total.
Time to Consider Your Home Equity Line of Credit?

On Feb 25, 2015 0 104 52

A home equity line of credit is a useful financial tool for homeowners. Unlike a traditional home equity loan, which has a fixed repayment schedule, the line of credit, also known as a HELOC, has a more flexible repayment schedule...

When Your Credit Score Isn't Really Your Credit Score

On Feb 25, 2015 0 104 52

Many articles have been written about the importance of having healthy credit. And nowhere is the state of your credit more important than when you apply for a home loan. For most people, a house is the most expensive thing they will ever buy and the overall health of your credit determines whether or not a lender will offer you an affordable home loan...

Home Equity Theft Through Contractors Still a Problem

On Feb 25, 2015 0 104 52

Using the equity in your home to upgrade or improve the home itself is one of the most popular reasons for taking out a home equity loan. With some improvements, the value of the property increases by almost as much as the cost of the remodeling itself...

Predatory Lending Through Loan Steering

On Feb 25, 2015 0 104 52

With the real estate industry still in high gear from the last five years of skyrocketing prices and low interest rates, predatory lending is at an all time high. The term has no hard definition, but it generally refers to those lenders who go out of their way to offer loans to buyers at substantially higher prices than those buyers would be able to find elsewhere...

What is FHA loan?

On Feb 25, 2015 0 104 52

Home mortgages are important part of the loans universe but we will concentrate here On a specific one called FHA. The Federal Housing Administration (FHA), a wholly owned government corporation, was established under the National Housing Act of 1934 to improve housing standards and conditions...

An Overview of Reverse Mortgages

On Feb 25, 2015 0 104 52

If you own a home, you know mortgage products have moved beyond the basic 30 year fixed option. Reverse mortgages are one such product and here is an overview. An Overview of Reverse Mortgages A typical mortgage is created when a lender provides you with a lump sum amount of cash to purchase real estate...

Avoiding Reverse Mortgage Scams

On Feb 25, 2015 0 104 52

Reverse mortgages are gaining in popularity as more senior's start looking for ways to supplement their retirement incomes. And as the interest in reverse mortgages increase, so are the cases of reverse mortgage fraud and scams...

A Hud Reverse Mortage For Retirement?

On Feb 25, 2015 0 104 52

HUD reverse mortgages can be a great tool for Seniors that are looking for additional funds for retirement. Through a HUD reverse mortgage, seniors can tap into the equity from their homes without having to make repayments...

A Primer on Reverse Mortgages

On Feb 25, 2015 0 104 52

Economists report that as housing prices have skyrocketed over the past several years, the amount of money that households are saving through 401(k) plans and FDIC insured savings accounts has fallen.  For many people approaching retirement age that means they may be "equity rich" and "cash poor" at the same time...



California Reverse Mortgage Loans Unlocks Home Equity For Seniors

On Feb 25, 2015 0 104 52

Reverse mortgages are becoming extremely popular with seniors in California since the U.S. Department of Housing and Urban Development (HUD) created one of the first. A California reverse home mortgage allows older Americans to supplement social security, meet unexpected medical expenses, make home improvements, and more...

Consider a reverse mortgage - as your last option

On Feb 25, 2015 0 104 52

Home buyers often save rigorously for their home, forgoing expenditures and making sacrifices to pay down the mortgage and save for retirement. At retirement they get to enjoy their dream home debt-free...

Consider Different Reverse Mortgage Options

On Feb 25, 2015 0 104 52

There are many different reverse mortgage options: single purpose reverse mortgages, federally insured reverse mortgages, and proprietary (private sector) reverse mortgages. Each option has different pros and cons that need to be considered when looking into taken out a reverse mortgage...

Four Dangerous Words - "You Can Refinance Later"

On Feb 25, 2015 0 104 52

Buying a house is an expensive proposition. It's the only thing most people will ever buy that will take decades to pay off. As such, it is not something most buyers enter into lightly. The financial demands are significant and the payment has to be made each and every month for the next thirty years or so...

Has Your Adjustable Rate Mortgage Become a Gamble?

On Feb 25, 2015 0 104 52

Three or four years ago, interest rates on home loans dropped to levels not seen since the 1960's. Millions of Americans took advantage of the favorable rates, which bottomed out near 5% for fixed rate, 30-year loans...

Helpful Information On Reverse Mortgages

On Feb 25, 2015 0 104 52

A popular method of borrowing against your home is the reverse mortgage. The reverse mortgage is becoming increasingly popular among senior citizens who wish to pay off their debts and increase their retirement income...

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