In a reverse mortgage, the borrower holds the title and ownership of the home, while the lender holds a lien on the property as security for the loan.This unique financial tool, designed specifically for senior citizens, allows you to increase your income while still living in the home you’ve invested […]
7 Ways You Can Avoid Sabotaging a Home Loan
Have you been shopping for a good low interest mortgage on a house you intend purchasing? Most prospective home buyers are unaware of the factors in the lending process that can potentially sabotage getting a mortgage. Here are 7 ways you to avoid committing mortgage sabotage when purchasing a home: […]
4 Reasons To Consider a Non-Conforming Home Loan
Most of the standards that are followed by mortgage lenders are set by Fannie Mae and Freddie Mac, GSE’s or government-sponsored enterprises. Mortgages that meet all of these criteria are commonly referred to as “conforming” loans since they conform to the prescribed requirements. However, there are certain times when a […]