Reverse Mortgages: Understanding the Pros and Cons

A reverse mortgage is a type of consumer home loan that allows homeowners ages 62 and older to borrow against their home’s equity to receive either cash or a line of credit.  Unlike a traditional mortgage, homeowners don’t make a monthly payment; the loan is repaid when the homeowner or their heirs sell the house. 

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Different Mortgage Options Explained

The stage of buying a home when you need to obtain some help with funding can be a hair-pulling experience, or it can be as easy as pie. It all depends on how you approach the process. Before you have reached this stage of the game, you should have already created a budget to make

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Spike in Mortgage Rates: What This Means for Prospective Home-Buyers

2021 offered homebuyers relatively lower interest rates on mortgage loans, encouraging them to pick from the limited inventory but that, coupled with the aftershock of the pandemic, set off a housing boom nationwide and a surge in home-price growth.  The Case-Shiller National Home Price Index documented an 18.8% increase in average prices of homes across

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Ask Brian: Why Don’t Most People Choose a 15-Year Mortgage?

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to [email protected] Question from Dan: Hello Brian. It’s obvious to me that paying off your home as fast as possible is good in many

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6 Mortgage Mistakes to Avoid

For most people, buying a home is the largest financial decision they’ll make in their lifetimes. It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what

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What is the VA loan Certificate of Eligibility?

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for VA loans if you have served or are currently serving in the military. Spouses of veterans may also be able to receive specific benefits for which a

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Is a Long or Short Term Mortgage Better for your Finances?

Image Source: Pexels Choosing the right mortgage is an integral part of the home buying process, and there are many options for you to consider. One of which is choosing between a 15-year or 30-year mortgage term. Both of these options have their positives and negatives, which we’ll discuss in this article. What you choose

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How to Pay Off Your Mortgage in a Few Short Years

The Urban Institute and other reliable sources say that more than 26.9 million Americans own their homes outright. It’s the second American Dream – the dream that comes after buying a home in the first place. Think about how much your life would change if your home were paid off in the next five years.

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Planning to Buy a Home? EPM Offers Expert Advice to Help You Make the Right Choice

Are you ready to buy your first home? If the time has come to take that leap, there are a lot of things that you need to know. From fees to the process, it might all be a mystery to you right now. Luckily, you’ve come to the right place. Leading national lenders EPM share

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6 Mistakes First-Time Home Buyers Make in the Mortgage Process

As first-time homebuyers begin the tedious, complicated journey into homeownership, many find themselves overwhelmed and defeated by long to-do lists. Finding a home within a limited budget, scrounging for down payment funds, and desperately attempting credit score revival are all familiar stressors for first-time buyers. Many newbies flock to mortgage loan companies for assistance in

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