Forward or Reverse?
Weigh The Pros And Cons Associated With A Reverse Mortgage A reverse mortgage can be a valuable retirement planning tool that can greatly increase retirees income opportunities via their largest assets: their homes. A reverse mortgage allows homeowners to borrow against their home’s equity, while still maintaining ownership of the home. The best part about a reverse mortgage […]
Rates are unbelievable – High 3’s!!
It can be a really tough decision when contemplating whether or not to lock in to a rate when obtaining a mortgage. Generally, when rates are as low as they’ve been, the conventional wisdom would say to lock – why risk it when the pressure is for rates to go up, at least theoretically.Well, they keep […]
Click here for an article that talks about three refinancing nightmares for people. The thing is that two of the three are typically predictable from the very beginning. They should not turn into nightmares because you should be working with people and can look at them and know if it is an issue. The only thing […]
Mortgage Payment Grace Period Shrinking?
With the financial reform changes beginning to take affect, it’s no surprise to hear that Bank of America is changing its grace period policy. After all, there will be a huge loss of revenue from profit centers such as overdraft fees. Beginning February 14th, unless you do your personal banking with B of A, the grace […]