If you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here's why. No Worries About Monthly Payments After taking on a mortgage, there are many costs that you have to worry about. One of these problems is mortgage insurance premiums. Add interest and fees from lender service providers to the mix, and … Continue reading...
Why Buying Real Estate Can Be A Smart Financial Move
Buying real estate doesn't just give you a place to live; it can also be a very smart financial move. This is because owning a home can be like having a forced savings account, which you are committed to for the long term. Consistent Saving On Autopilot Sometimes saving money on our own each month is difficult. It takes a lot of discipline to maintain a consistent savings plan. However, paying your mortgage every month means that you are paying down the principal and working toward eventually … Continue reading...
When Can You Buy Real Estate After Foreclosure?
If you lost your home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think. There are a few guidelines that lenders follow to determine when you’ll qualify for financing after foreclosure. Arming yourself with this information may help you qualify again for a mortgage. Foreclosure With Extenuating Circumstances … Continue reading...