06 Jan 2017
By Mark Feder

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…
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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…
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29 Dec 2016
By Mark Feder

Did You Know? A Mortgage Professional Can Save You a Lot of Money. Here’s How

Home Mortgage Tips
Many people forego a mortgage broker and decide to go through the application process on their own, but a mortgage professional can actually work to save you money when it comes to your biggest investment. Whether you're new to the market and are looking for tips or are just a prospective buyer in need of advice, here are a few reasons you may want to consult a broker to make for an improved real estate investment. Liaising With The Lender If you go it alone without a lender, you may be able to find a good loan opportunity, but because…
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22 Dec 2016
By Mark Feder

Understanding the HARP Program and How to Qualify for a HARP Mortgage

Home Mortgage Tips
Interest rates may be relatively low, but if you're a homeowner who is struggling with your monthly mortgage payment, it may be time to consider what re-financing options are available on the market. If you are looking for a lower interest rate to improve your financial health, here's what you need to know about the HARP program so you can take advantage of a better rate. What Is HARP? The Home Affordable Refinance Program, which is commonly known as HARP, was created in the wake of the 2008 recession, which was brought on by the high amount of housing debt…
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