Category: Home Loans
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.....
Protect Against Fraud When Financing a Home
While signing paperwork is one of the least exciting things about buying, building or refinancing your home, the day you are set to close on a loan and move onto the next chapter in your life should be uplifting and satisfying. It wasn’t such a great day for Washington, D.C. homebuyers Sean Smith and Erin.....
Financing a New Home
Whether a new home appeals to you because you want a property built for today’s lifestyle and up to today’s standards or you just like the concept of being the first owner of a home, your financing options are similar to purchasing an existing home. You can use government-backed loan programs such as FHA and.....