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Understanding “Cash to Close” in Your Home Buying Journey
If you’ve received your Closing Disclosure from your lender, congratulations! You’re almost at the finish line of your home buying journey, ready to celebrate with keys in hand.
What’s Ahead For Mortgage Rates This Week – November 4th, 2024
This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated its 2% inflation target and current figures show inflation at 2.1%. This indicates that a ‘soft landing’ for the economy could be within reach.
Can You Refinance a Reverse Mortgage Loan?
If you have a reverse mortgage loan, you might be curious about your options for refinancing. The good news is that yes, you can refinance a reverse mortgage, and doing so may offer several benefits depending on your unique financial situation.
Do Not Get Spooked by Your Underwater Mortgage – How Refinancing Can Help You Escape
It’s Halloween season, and while it’s fun to enjoy spooky decorations and scary movies, there’s nothing fun about feeling haunted by your mortgage–especially if you owe more on your home than it’s currently worth. If you’re feeling trapped in an underwater mortgage, don’t let it send chills down your spine!
Effective But Creative Ways to Save Money for a Down Payment
Saving for a down payment can feel overwhelming, but with some creative strategies, you can make it happen faster than you think. Whether you’re a first-time homebuyer or looking to upgrade, these tips can help you reach your goal and set you on the path to homeownership.
What is the Difference Between a Reverse Mortgage and a Home Equity Conversion Mortgage?
Retirement planning is about ensuring you have a steady income stream to support yourself comfortably. For many retirees, tapping into the equity in their homes becomes an attractive option. Two terms often come up in this context: reverse mortgage and Home Equity Conversion Mortgage (HECM).