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Here's when a reverse mortgage makes sense, experts say
CBS News· 14 hours agoWith these types of products, your lender pays you out of your home equity. Learn more about your...
Today's 15-year mortgage rates go down while 30-year mortgage rates hold steady | April 23, 2024
FOX Business· 2 days agoThe interest rate on a 15-year fixed-rate mortgage is 6.500% as of April 23, which is 0.125...
4 ways to maximize your home value right now, according to experts
CBS News· 2 days agoCompare your home equity loan options to find the best fit now. While the recent home equity surge...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 1 day agoThese loans come with fixed and adjustable-rate options, as well as a choice between 15- and 30-year terms. Rehabilitation mortgage or 203(k) loan: An...
What is an alienation clause?
Bankrate via AOL· 10 hours agoWithout this clause, the new owner could assume the existing mortgage and repay it at that interest rate rather than obtaining a new loan at prevailing...
What is a loan-to-value ratio?
Bankrate via Yahoo Finance· 5 days agoSo, what’s a good loan-to-value ratio? From a lender’s perspective, a lower LTV ratio is...your LTV ratio, you’ll first need to subtract your down...
‘I racked up $45,000 in credit-card debt making home repairs’: Should I refinance my $1.5 million...
Market Watch· 19 hours ago“We live in a very strong housing market in Los Angeles so we’re not worried about it losing value.”
Home Equity Investments Become An Emerging Asset Class As U.S. Market Value Surpasses $32 Trillion
Benzinga· 2 days agoWhile most people are familiar with the concept of using home equity to finance home improvements or...
No-doc mortgage: What is it and can you still get one?
Bankrate via AOL· 9 hours agoYou can potentially get approved faster because these loans require less paperwork to submit and...
What is a short sale?
Bankrate via Yahoo Finance· 9 hours agoThis is known as having an “underwater” mortgage or negative equity. Short sale vs. foreclosure Both a foreclosure and a short sale hurt your credit, but...
