Articles filed under Mortgages
-
FHA’s new mortgage fees will pack a biteFeb 08, 2013 4:23 am - WASHINGTON — If you want to buy a house with minimal cash by using an FHA-insured mortgage, here’s some sobering news: Thanks to an ongoing series of fee increases and u...
-
Using a HECM reverse mortgage as an insurance policyFeb 02, 2013 4:38 am - Q. Can seniors insure themselves against running out of money? A. If they have significant equity in a home they occupy as their principal residence, the answer is “yes,...
-
Five things to know about extra loan paymentsJan 26, 2013 4:27 am - Editor’s note: This series of articles is about opportunities available to people to save money on a mortgage in 2013. The first two articles were directed to unexploite...
-
Getting lender’s best price on home loan often futileJan 18, 2013 4:15 am - Editor’s note: This is the second article in a series. This series of articles is about opportunities available to homeowners to save money on a mortgage in 2013. The fi...
-
Five refinance myths debunkedJan 12, 2013 3:18 am - This series of articles is about opportunities available to homeowners to save money on an existing mortgage, or on a new one they plan to take in the near future. This ...
-
The truth about HECMs and upfront feesJan 05, 2013 3:08 am - One of the bum raps against home equity conversion mortgages, commonly known as HECMs and a type of reverse mortgage for seniors, is that their upfront fees are too high...
-
Retirees must prioritize between debt-free estate and spendable fundsDec 29, 2012 4:47 am - Q. I will retire shortly at 65 and still owe $67,000 at 6 percent on my mortgage, which I have not been able to refinance because I can’t document enough income … the mo...
-
Buyers usually prefer land contracts to lease-to-own dealsDec 15, 2012 2:28 am - Q. You have written articles about lease-to-own contracts, but never about land contracts, which I am told may work better. A. Lease-to-own contracts (LTOs) and land con...
-
Mortgage professor: Making a lease-to-own sale worth your whileDec 08, 2012 9:30 am - A lease-to-own (LTO) transaction is one in which a potential homebuyer occupies the home as a tenant but has an option to purchase it within a specified period at a spec...
-
Not all reverse mortgage calculators are created equalDec 01, 2012 4:14 am - One of the great features of the home equity conversion mortgage program, or HECM, is that eligible seniors have multiple options designed to meet a variety of different...