When searching for a mortgage, you might work with a mortgage broker. The goal of working with a mortgage broker is to ensure you’re securing the best rates and terms. However, after the real estate market crash in 2008, the industry came under scrutiny, so there’s still some residual doubt about working with these professionals.
read moreOnce your loan application is submitted the application is reviewed “as is.” This means the information appearing on the application is valid at the time it was completed. If things change while you loan is being processed, there can be some delays as the new information is documented and verified. To make sure your loan is processed and approved on time, avoid these actions.
read moreYou’re retired, or about to be, with limited income and savings, but lots of equity in your home. It’s a familiar scenario. Many people in this position consider moving down or selling their home and renting—perhaps in a retirement community. Refinancing to take advantage of lower rates and/or take money out to pay off debts and have a cash cushion is another possible option. A reverse mortgage is another consideration, and one that offers a unique set of benefits—but also some potential downsides. We’re breaking down the pros and cons of this unique type of mortgage.
read moreOutdoor furniture can be an investment. It’s often not inexpensive, and you want to get as much possible use out of everything you buy. Of course, the outdoors can wreak havoc on any furniture, but you can extend the life of the items on your deck or patio.
read moreFreddie Mac's results of its Primary Mortgage Market Survey® shows that "This week, mortgage rates decreased to their lowest level in over two months. The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."
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