With reverse mortgages seniors now have some additional cash-flow alternatives. This type of loan allows mature borrowers to convert their home equity into tax-free income without leaving their current home or making mortgage payments – and they do not need an existing income to qualify.
How does a...
Mortgage Rates April 22, 2009
Rates remained stable today although the Mortgage Backed Security (FNMA 30 YR 4%) which dictates the price of rates closed negative for a second day. Overall rates are trending in the 4.5% to 4.875% range. The sustained range is much more palatable then the volatility...
As I have said before and will say again, we are witnessing Historical LOW Mortgage Rates. We may never see rates this low again, or at least for a very long time. If that is not enough encouragement consider the following:
An $8,000 Tax Credit
FHA only requires 3.5% down payment
Home Values are also...
Mortgage Rates regained their footing today as the 30 YR 4.0% FNMA MBS closed 9bp higher for the day. If last week was the precursor to this week, we will see rate improve and stabilize Monday – Wednesday and turn negative Thursday – Friday.
Mortgage rates ended last week exactly where they started. ...
When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve.
Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills,...
