Reverse mortgages are a home loan option for senior homeowners over the age of 62. The loan allows homeowners to tap into the equity they have invested into their home over the years to pay unexpected expenses or increase their...
Refinancing your home mortgage is a major financial decision. However, it’s also one that has the potential to save you thousands of dollars over the life of your loan. Refinancing your mortgage can help you to pay less every month...
After applying for a mortgage, you may see two different fees. A mortgage rate and an annual percentage rate, which is most commonly referred to as APR. APR can be difficult to understand on its own, especially when coupled with...
It’s time to sign up for a mortgage, and you’re approached with time periods—a 30-year mortgage or a 15-year mortgage. Which do you choose? Both mortgage types have benefits and drawbacks, but you can choose between them easily by asking...
Choosing a mortgage is hard enough, and it can become especially difficult with the many different types on the market. A fixed-rate mortgage is one of the most common and popular kinds of mortgages, but what is it exactly? A...
There are several types of home loan mortgage rates that makes the process of borrowing a lot more stressful than necessary. Your loan will affect you for the next 15 to 30 years, so it’s natural for anyone to consider...