Blog – Page 578 of 825

06 Jan 2017

Understanding the Reverse Mortgage and How to Use It to Pay Off a Regular Mortgage

Home Mortgage Tips

There are a variety of mortgage products out there that serve the needs of different homeowners, but for the uninitiated it can be hard to know what will work best for them. If you happen to be close to retirement and are looking at options that will be more financially beneficial for you, here are the details on a reverse mortgage and how this product can work for you. The Details On A Reverse Mortgage A reverse mortgage may be one of the lesser-known products available on the market, but it was created in 2009 as the Home Equity Conversion…

04 Jan 2017

By Mark Feder

The Pros and Cons of ‘Mortgage Before Marriage’ for Young Couples

Home Mortgage Tips

There was a time when a higher percentage of people were married before they committed to buying a home together, but it's a lot more common to co-habit and invest in a home together. If you're considering the commitment of a mortgage without being married, here are some things to be aware of before you start searching the market. Relationship Status Won't Affect Your Rates It might seem like there are greater risks involved if two individuals purchasing a property are not legally bound, but it actually makes no difference to the mortgage lender. If two people are buying a…

03 Jan 2017

By Mark Feder

5 Major Red Flags to Watch for When You’re Touring an Open House

Home Buyer Tips

An open house is one of the best opportunities a potential homeowner will have to take stock of a home and determine if it will work for them. However, it can also be a good opportunity to discover some glaring red flags that might make it a less worthwhile investment. If you're currently perusing the open houses in your neighborhood, here's some things you should make sure to watch out for. A Selling Hot-Spot It's well and good if you love the home you visit, but 'location, location, location' is a popular phrase for a reason. If you've noticed a…

02 Jan 2017

By Mark Feder

What’s Ahead For Mortgage Rates This Week – January 2, 2017

Mortgage Rates

Last week's economic reports were in short supply due to the Christmas holiday. Events reported included Case-Shiller home price indices, pending home sales and weekly readings on mortgage rates and new jobless claims. Consumer confidence was also released. Case-Shiller Readings Indicate No Slowdown in Home Price Gains Case-Shiller's October readings for its home price indices showed continued growth in home prices. In spite of rising home prices and mortgage rates, high demand for homes and slim supplies of homes for sale continued to fuel higher home prices. According to Case-Shiller's national home price index for October, home prices rose…