Results for Reverse Mortgage Loans

Like many loans, reverse mortgages come with a few fees. We discuss what they are and why you need to pay them.

Millions of Americans look to mortgage loans to help them buy homes, but the number of applications — and the percentage actually getting approved and funded — varies by where you live. To determine the states with the most mortgage purchase, not refinancing, loan applications and approvals, NerdWallet analyzed 2015 data from the Home Mortgage Disclosure Act...Read More

Are you applying for a mortgage loan? See these tips to prepare, and get approved for a mortgage on the new home you want.

One of the most exciting times for many adults is preparing to buy their first home. Most people need to take out a mortgage loan, which determines how much they'll pay for the property each month.

Avoid these mistakes between loan approval and closing
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07/08/2016 | Author: Ward Lowe
You've been careful with your finances, saved for a downpayment, and finally received approval for a mortgage loan. It’s time to celebrate, right
Not yet. Your lender will recheck your credit right before closing. Don't give him or her reason to question your creditworthiness by making these mistakes
1. Changing…

Big mortgage mistakes - making financial mistakes before applying for a home mortgage loan, or during the mortgage underwriting process. Avoid these costly mistakes.

What's a rule of thumb to determine how much mortgage you can afford? There's no one rule, but these four tips will tell you
Home ownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget.
Why not just take out the biggest mortgage a lender says you can have? Because your lender bases that number on a formula that doesn’t…

Obtaining a mortgage can be a complex process with a lot of moving parts. Here are some tips to keep your loan process on track.

You have been making mortgage payments most of your adult life. Maybe it’s time your mortgage lender starts to pay you back.

Equally important, however, are the things you should NOT do before and during the loan process. Bank of England Production Manager and resident mortgage expert Troy Silhan provides great tips for avoiding problems while obtaining a loan.

Thanks to a new program, Illinois homeowners in danger of tax-and-insurance defaults on reverse mortgages could receive substantial help from the state’s top housing agency.

What do I have to do to apply for a mortgage loan?-en-144

The real estate market has effectively bounced back, which is evident in the growing number of new homeowners. With home buying rates steadily increasing in our region, many buyers are on the market for the first time – young professionals couples, and small families among them. At Network Real Estate, we’ve pooled our expertise to help you avoid the pitfalls that so many first-time homebuyers fall…

Tips for Your Home Financing Process
After receiving your home loan approval, being aware of issues that can impact the financing process is important. The following topics address potential challenges that may delay your closing date or even impact your ability to obtain a mortgage. Follow these tips for a smoother financing process:1
EMPLOYMENT
DO Inform Your Mortgage Consultant When Making Changes to Your Employment —…

Credit score is one of the biggest factors in determining your approval for home financing. A minimum score of 620 is required by all mortgage loans delivered to Fannie Mae, but borrowers with lower scores still have hope for homeownership.

Shattered Dreams: Bob Massi breaks down the basics

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.
1. Down Payment
The survey revealed that

See how to sell a home with a reverse mortgage. Step by step guide to getting your home sold when you have a reverse mortgage to deal with.

A reverse mortgage enables clients to utilize their home equity as part of their retirement strategy. Read on to find out more about how it works.