Natural disasters are nearly impossible to prepare for and can leave a wide swath of destruction in their path. From hurricanes and tornadoes to earthquakes and wildfires, unexpected disasters and extreme weather events can cause severe damage to your home. For many with reverse mortgage loans, it can be difficult to navigate the unknowns in… Continue Reading Managing Your Reverse Mortgage When Disaster Strikes
When disaster strikes your home and community, it’s devastating. It’s not just about losing a sense of security and day-to-day shelter, but determining how to move forward when everything is in disarray. The road ahead isn’t easy, but for homeowners in federally declared disaster areas, there is a form of assistance: the FHA 203h loan.… Continue Reading When Disaster Strikes, the FHA 203h Loan Could Help
One of the benefits of buying a home is the potential to see your investment in the property grow over time. An upward trend in the value of the home will certainly help, but to increase the possibility of a return on the investment, you want to begin building equity, and one potential obstacle to… Continue Reading Negative Amortization: What It Is and How To Avoid It
When a natural disaster like a flood, hurricane, or wildfire hits your home, it can be difficult to know where to begin on the path to recovery. What happens to your mortgage if your house is destroyed or you can’t make your payments? The first step is to notify your lender or loan servicer as… Continue Reading How Can I Avoid Foreclosure After a Natural Disaster?
While Freddie Mac reports stable mortgage rates, that could change relatively soon. The Federal Open Market Committee decided not to issue a rate cut after a recent meeting on June 19, however, after much speculation and continued concerns over key economic factors, indicated that it may soon begin to lower interest rates. While current global… Continue Reading Market Updates: What to Expect in Mortgage Rate Changes
Saving for a down payment can be one of the biggest barriers to homeownership. Help with a down payment in the form of a gift from a family member can put you ahead of the curve, but there are a few things you should know to avoid potential pitfalls later. Cash from a relative may… Continue Reading Down Payment Gift? Here’s What You Need to Know
Most of us look forward to the day we can retire. However, the realities of living on a fixed income can be daunting. Because of this difficulty in predicting the future, diving into the details of a retirement plan with anyone other than your spouse probably seems like an unappealing endeavor. In fact, discussing your… Continue Reading What Your Family Should Know About Your Retirement Plans
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