“They’re going to up your rate because you can’t go anywhere else,” says Dan Eisner, founder and CEO of True North Mortgage. “That’s a real fear, especially with the rates much higher.” Is it really a big deal? Probably not, provided you’re in decent fiscal shape and/or h...
Reverse mortgages years ago were used to take advantage of seniors. The Federal Government stepped in to ensure those who get reverse mortgages know precisely what they’re getting into financially. Reverse mortgage debt is like any other, so it should be understood completely. The reverse mortgage...
“Perhaps the biggest difference in the application processes between mortgages and auto loans is the fact that your lender will scrutinize your credit history much more closely whenever you apply for a mortgage,” says Michelle Black, president of Fort Mill, North Carolina-based credit-repair firm...
What Is the Marriage Penalty? Federal Level State Level EITC Additional Taxes Married With a Mortgage Marriage Penalty vs. the Marriage Bonus FAQs The Bottom Line ByAlicia Tuovila Updated October 30, 2024 Reviewed by Ebony Howard Fact checked by ...
Supply and demand for mortgage drives interest rates. Is it true and what other factors contribute to mortgage rates?
If you ask most people what is a mortgage they'll tell you it's a loan to buy a property. That's true, but there's more to think about.
“voting to keepmortgage rateslow.” What the Fed is really doing is voting on measures that may influence the rates. Mortgage rates are set by a complex set of economic factors including the state of the housing market, secondary markets, investor demand, federal intervention and other factors...
What is Amortization Amortization is the gradual planned reduction of capital expenses over time. Therefore an amortized loan is one that is paid off over time through a series of predetermined payments. A good example of such a loan would be a mortgage. In the average mortgage the amount borr...
The North Atlantic Ocean has experienced 400+ days of record warmth, and El Nino is predicted to become La Nina, which could mean bad news for us in Connecticut. While we fear the Atlantic Hurricane Season in Connecticut, strong Spring thunderstorms with deadly tornados have left scars here to...
The cost of your kitchen remodel depends on materials, labor, location and the scope of the project. Josephine NesbitDec. 9, 2024 How to Prepare for a Home Renovation Going through a renovation can be nerve-racking, but there are ways to avoid or reduce that stress. ...