reverse mortgage
Mortgage

In Today’s Economy, Should I Apply for a Reverse Mortgage?

By Brian Kline | November 7, 2022
A reverse mortgage can provide homeowners that are 62 or older with a supplemental retirement income option. But is this a wise choice in today’s economy? Two of the biggest questions that you should be asking yourself are: However, let’s begin with what a reverse mortgage is… What is a Reverse Mortgage? A reverse mortgage […]
mortgage
Mortgage

Tips for Obtaining a Mortgage During Retirement - You Need a Strategy

By Brian Kline | September 20, 2022
You’ve been working all of your life and living within your budget. You’ve never had trouble qualifying for a mortgage because your credit rating was high, your debt-to-income ratio was good, and you bought a house that you could afford. Now, you’re fully retired and want to sell the old family home that still has […]
Housing, Mortgage, Real Estate

Black mortgage applicants still face discrimination, study finds

By Mike Wheatley | August 30, 2022
Aspiring Black homeowners still face more obstacles than other demographics in their pursuit of homeownership, a new report from the online loan marketplace LendingTree has found. The research found that the denial rate for Black mortgage applicants is almost twice as high as the nation’s average in the country’s 50 largest metropolitan areas. LendingTree based […]
Housing, Mortgage, News

Rising rates hurt buyers more than home price rises, economist says

By Mike Wheatley | August 26, 2022
Home buying is getting harder, with mortgage rates on the rise again this week. This Thursday, they hit an average of 5.55%, according to data from Freddie Mac. Mortgage rates are now almost double what they were one year ago, and the latest data highlights the impact the increases are having on the cost of […]
Cons of an Adjustable Rate Mortgage
Home Buying, Mortgage, US Real Estate

The Cons of an Adjustable Rate Mortgage

By Bill Gassett | August 24, 2022
Over the last few years it has been an extreme seller's market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat. Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home […]
mortgage applications
Mortgage

Why Mortgage Applications Continue to Decline

By Anita Cooper | August 18, 2022
According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was in a rush to either buy a home or refinance, but now Americans have put the brakes on the housing market.  There are several reasons for the dip in mortgage applications, including mortgage rates, inflation, […]
15 year mortgage
Mortgage

Why a 15-Year Mortgage is Better than a 30-Year Mortgage

By Ben Shepardson | August 17, 2022
Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a home is the easiest way to buy a house. After all, it allows you to pay off your home for the next 15 to 30 years instead of saving enough money to pay cash for […]
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