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Some baby boomers are finding homeownership to be less beneficial
HousingWire via Yahoo Finance· 4 days agoThe New York Times profiled challenges faced by baby-boomer homeowners, questions whether ‘aging in...
Norcom Mortgage’s core reverse team elects not to join CMG Financial - HousingWire
HousingWire· 4 days agoThe deal, however, will not include core members of Norcom’s well-known team of reverse mortgage...
‘Aging in Place, or Stuck in Place?’
New York Times· 6 days agoHomeownership is not the boon to older Americans that it once was. When it came to housing, Susan Apel and Keith Irwin thought they had planned adroitly...
FHA loans: Definition, requirements and limits
Bankrate via Yahoo Finance· 3 days agoThere’s no down payment requirement, but you have to have been affected by a Presidentially designated disaster. Home equity conversion mortgage (HECM):...
How to prepare for FHA appraisal requirements
Bankrate via AOL· 7 days agoWhen do I need an FHA appraisal?You need to get an FHA appraisal when using many types of FHA loans, including: FHA purchase FHA 203(k) FHA cash-out...
Cash-out refinance: What it is and how it works
Bankrate via AOL· 4 days agoReverse mortgage: A reverse mortgage allows homeowners aged 62 and up to withdraw cash from their homes. The balance ...
What is Home Equity?
Bankrate via Yahoo Finance· 3 days agoYou can use these funds for any purpose. Unlike a HELOC or home equity loan, a cash-out refi might allow you to get a lower rate on your main mortgage,...
3 moves seniors should consider with inflation still high
CBS News· 3 days agoWith a report released earlier in April showing inflation rising yet again and the prospect of...
‘I was mentally and emotionally drained’: During my divorce, I made a hasty decision to take early...
Market Watch· 7 days agoShould she sell her home — or take out a reverse mortgage? For those who are not familiar with a...
When to use home equity for spring repairs (and when not to), according to experts
CBS News· 4 days agoBorrowing money for home repairs and other projects this spring can be very expensive. For example,...