If you own your home but struggle with day-to-day expenses, a reverse mortgage may be right for you. While traditional reverse mortgages are helpful for many people, they come with government-mandated restrictions. For some homeowners, these limits make typical...
We all want to improve our homes and make them more energy efficient. One of the most convenient ways to do this is through the HERO program, a government loan that is paid back through property taxes. While useful for...
Reverse-mortgage refinancing may be the right choice for your home. Traditional home loans are refinanced practically every day. If property owners took out a mortgage loan years ago when interest rates were higher, they have the option of refinancing...
Giving a gift of equity to a loved one should be a simple process, but with real estate regulations and tax laws, it can become rather complicated. Let’s look at a few of the details behind gifts of equity...
Financing for Manufactured Homes Manufactured homes have come a long way in terms of luxury and quality of construction. Because of this, they can be a wonderful living option for people who are looking for affordable, convenient and comfortable homeownership....
In the 1980’s, the federal government began noticing that many retirees and elderly people were struggling financially despite having a solid net worth. Technically, these people had a strong financial foundation, but the majority of their net worth was...
There are a lot of factors that lenders consider before issuing a loan. You’ll find debt-to-income ratios, credit scores, loan-to-value factors, and much more. One of the factors that can be lost in the shuffle is taxes. If a...
Mortgages come in many forms. When you start looking at all the different types of loans, it can be fairly overwhelming. You’ll find 30-year, jumbo, conventional, VA, balloon, USDA, and more; navigating it all can seem impossible! However, you can...
When purchasing a home, it helps to utilize all your available income sources. For many people, this means simply verifying your regular salary, but for military personnel, it means you have to document all the various forms of payments....
It seems that getting approved for a mortgage loan would be easy, but if you have come across non-warrantable condos, you’ve likely discovered how complex it can be. While these properties may be difficult to finance, but it’s certainly not...