What Fees Do You Pay With a Reverse Mortgage?

What Fees Do You Pay With a Reverse Mortgage?

Upfront and Closing Costs of a Reverse Mortgage  During the origination process, there are multiple costs borrowers need to cover in order to finalize their loan. Loan proceeds can cover some, but not all of these costs and fees. Reverse Mortgage Cou

Jul 28, 2023 | Reverse Mortgage

6 Smart Ways to Use Reverse Mortgage Proceeds

6 Smart Ways to Use Reverse Mortgage Proceeds

1. Fight Inflation  Many people on fixed incomes may find their budgets strained by inflation. Eliminating a monthly mortgage payment with a reverse mortgage can give tight budgets some breathing room. Instead of tapping investments to make ends

Jul 27, 2023 | Reverse Mortgage

What’s the Difference Between a Mortgage Co-Borrower and Co-Signer?

What’s the Difference Between a Mortgage Co-Borrower and Co-Signer?

When trying to qualify for a mortgage, many homebuyers will apply with a co-borrower or co-signer to make their application stronger. Another person’s income, assets, or credit can sometimes be the boost needed to get approved. However, the terms co

Jul 27, 2023 | Purchasing a Home

6 Mistakes that Home Buyers Should Avoid

6 Mistakes that Home Buyers Should Avoid

With the busiest housing market season of the year in full swing, it’s essential to be on your home buying game. Here are 6 major mortgage blunders to avoid to make sure you are in prime position for scoring the perfect property. Not Getting Pre-ap

Jul 25, 2023 | Purchasing a Home

How Often Do Mortgage Rates Change?

How Often Do Mortgage Rates Change?

When you are ready to buy a house or refinance your existing home loan, getting the best mortgage interest rate is key to minimizing your total borrowing costs. You may have heard in the news lately about rates moving up and down due to inflation trends.

Jul 20, 2023 | Interest Rates

How to Start the Process of Buying a Home

How to Start the Process of Buying a Home

Once you’ve decided you want to become a homeowner you may not know what step to take next. Should you hire a real estate agent? Should you find a lender? Should you start searching real estate listings on your own? Here’s a look at the typica

Jul 18, 2023 | Purchasing a Home