Category: Home Loans
Refinance Fever, Take Advantage of Current Low Interest Rates
After the Federal Reserve’s decision in late July to lower interest rates, there was an immediate and dramatic impact on the mortgage market as many families moved to take advantage of the new rates. In the week following the rate cut, new mortgage applications skyrocketed as many families decided that now was the time to.....
Struggling to Pay Bills in Retirement? A Reverse Mortgage Could Make Sense
Once a homeowner stops working and retires, they still have plenty of expenses that can create financial stress. Healthcare often tops the list, but maintaining a house can be costly, too. For example, a new roof or minor improvement projects can easily cost $10,000 or more. And, even though many cities and counties provide a.....
Know Before You Owe, About VA Loans
An essential element of finding the right mortgage financing for your personal circumstances is to know about all of your options. If you’re an active duty serviceperson in the military, a veteran, a reservist, a member of the National Guard or a surviving spouse of someone in one of those groups, you may be eligible.....
Debunking Common Reverse Mortgage Myths
Although the reverse mortgage program is supported by the Federal government and the loans have been available for nearly 60 years, reverse mortgages have not consistently been used as a financial planning tool. That’s changing, however, primarily because of consumer protections, including limits on loan proceeds, required counseling and the addition of a Financial Assessment,.....
Support for Sustainable Homeownership
Mortgage delinquencies are at an all-time low, said Mark Cole, CEO of HLP, an organization that supports homeownership. But that isn’t stopping HLP from developing a new technology platform with the help of the Finance of America Foundation to connect homeowners facing foreclosure or other financial issues with the help they need. "We know that.....
Finance of America offers Financial Wellness Plan
Finance of America offers Financial Wellness Plan for U.S. Employers – Providing Financial Tools & Discounts to Reduce Employee Stress and Improve Performance Do money worries keep you up at night? If so, you’re not alone. The 2017 Financial Wellness Survey by Prudential found that 57 percent of employees say they are very or somewhat.....