If you are planning to buy a home and you are not able to pay 20% down for a conventional loan, you will likely be unable to afford the 20% down payment. In this situation, you will have to buy Private Mortgage Insurance (PMI). You may think “privat...
Reverse mortgages can be used to turn equity in a home into cash by people 62 years old and older. Understanding reverse mortgages, as well as the consequences and alternatives, is crucial. This article will present an overview of reverse loans and o...
Lenders don’t like doing work for clients, and borrowers want the best deals. All lenders are concerned if your credit file gets hit too often since they all have the same credit files. All lenders may reject your application. If you hire a mortgage ...