Mortgages

08
Dec
2022

A Step-by-Step Guide to Refinancing a Traditional Mortgage to a FHA Mortgage

  Home Mortgage Tips   0 Comment

Refinancing a mortgage can provide a homeowner with many benefits, and many are interested in refinancing their traditional mortgage into an FHA mortgage to take advantage of low interest rates. Depending on the specific circumstances, this step may lower the monthly payment, reduce interest charges, adjust the loan term so that it is more beneficial for achieving financial goals and more.

18
Aug
2022

Understanding the Principal Limit on a Reverse Mortgage and What Happens if You Reach It

  Home Mortgage Tips   0 Comment

If you’re considering applying for a reverse mortgage, you’ll want to ensure you understand certain critical factors. One such factor is the principal limit. The principal limit will have a strong influence on your finances, which is why you’ll need to ensure you know – before applying for your reverse mortgage – what your principal limit is.

16
Jun
2022

3 Reasons You Should Trust in a Mortgage Advisor Instead of Trying to Predict Rates

  Home Mortgage Tips   0 Comment

If the time has come to purchase a home and you’ve been perusing the real estate market, it’s possible you’ve also been considering the mortgage options that might work best for you. In the event that you’re already spending a lot of time looking at homes and trying to sell your own, here are a few reasons you may want to leave your mortgage considerations to a professional.

26
May
2022

FHA Streamline Refinance Mortgage Loan Program

  Home Mortgage Tips   0 Comment

Many homeowners would love to lower their interest rate or take advantage of other benefits associated with refinancing, but they are concerned about the time and expense associated with refinancing their current mortgage. The FHA Streamline Refinance loan program is designed to provide those who currently have an FHA loan with an easier way to refinance their mortgage, and this may be a desirable option for many.

24
Mar
2022

Three Tips to Ensure That a Reverse Mortgage Makes Sense for Your Financial Situation

  Home Mortgage Tips   0 Comment

If you’re having financial troubles, or if you need to free up a large sum in a short period of time, a reverse mortgage is a great way to get the money you need without having to take on new debt or make monthly payments. The great advantages of a reverse mortgage are that you don’t need to make any loan payments until you decide to move out of the house and that in spite of the interest rates attached, you’ll never owe more than the value of your home.