03 Nov 2021
By Mark Feder

Reverse Mortgages 101: How This Unique Financial Product Can Make Your Life Easier

Home Mortgage Tips
If you've been in your home for a while and have considered other loan options, you may have heard the term reverse mortgage without being aware of how this product can benefit you. While this type of mortgage works for those who have a high amount of equity in their home, here are the details on reverse mortgages and how this product may work for you. What's A Reverse Mortgage? The reverse mortgage was created in 2009 as the Home Equity Conversion Mortgage for Purchase (HECM) and is something that can be used by those who are older than 62.…
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29 Oct 2021
By Mark Feder

Important Relationships During The Home Buying Process

Mortgage
Purchasing a home is an exciting time, but there is also a lot to manage. There are a lot of text messages, phone calls, and emails coming in. It is important for potential homeowners to keep them straight. Who are some of the most important people during the purchase process? The Real Estate Team First, there are going to be a lot of important people on the real estate side of this transaction. Every home buyer should work with a real estate agent who can help them assess the market, arrange showings, and find the right home. There might also…
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27 Oct 2021
By Mark Feder

Refinancing Your Mortgage? Know These Key Terms Before You Sign Your Paperwork

Home Mortgage Tips
When it comes to your mortgage, there are a lot of key terms that are important for every homebuyer to know, and this is no less true than when it comes to refinancing your most important investment. Instead of leaving what's unknown up to chance, it's important to be aware of exactly what you're looking at so you can get the best mortgage product available. If you're currently considering refinancing and don't want to get snared by unknown terminology, here are some terms you'll need to watch out for. Cash-Out Refinance This type of refinance is a transaction where the…
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22 Oct 2021
By Mark Feder

Applying for a Mortgage? 3 Easy Ways to Make the Process Easier — and Reduce Your Stress

Home Mortgage Tips
There are more than enough details involved in getting a mortgage and moving into your own home that you'll want to know how to make the process as seamless as possible beforehand. However, there's a chance you might not be aware of the things you can do to make it a little easier on yourself. If you're currently looking for a home and are wondering how to streamline the approval process, here are some things to do before applying to minimize mortgage-related stress. Get Electronic Documentation In order to get approved for your mortgage application, you'll need to provide documentation…
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