What is a Reverse Mortgage? A Reverse Mortgage is a solution for homeowners age 55+ who have a lot of their life savings tied up in their home and they’d like to use some of it to improve cash flow, help fund their retirement, assist family, etc. The...
Anyone who completed the purchase of a home, renewed their mortgage or simply remortgaged for whatever reason likely received a very good rate, historically, and the process was relatively smooth. The Effects of a Global Pandemic Mid March when the Coronavirus...
Have you ever wondered how much difference extra payments actually make in paying down your mortgage? Let’s take a look and maybe do a little math. The first (and largest) factor to look at is the amortization, which is the remainder of your mortgage’s life. A...
It’s a common held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that your lender is somehow obligated to renew your mortgage. This is simply not the case. The truth is, a lender is never under any...
Although getting a mortgage is exciting as it allows you to become a homeowner, a mortgage is, in fact, a lot of debt. So if you have a mortgage, your goal should be to get rid of it as quickly as possible. Here are four things you can do to help pay off your mortgage...
Chances are, if you’re applying for a mortgage, you feel confident about the state of your current employment, or your ability to find a similar position if you needed to. However, your actual employment status probably means more to the lender than you might...
