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25 Jul 2021

Reverse mortgages no longer something to fear

LINDA LEITZ Special to The Gazette When reverse mortgages are mentioned, often the reaction is similar to offering someone toxic waste. In the past, that reaction had some validity. But now the reasons for hating reverse mortgages have been mitigated or eliminated entirely, and FHA and HUD even regulate many of these offerings. A reverse […]

18 Jul 2021

How to pay off your mortgage 10 years early

Alice Grahns, Digital Consumer Reporter HOMEOWNERS can become mortgage-free within a decade by being savvy with their cash. Savings on bills and budgeting will leave borrowers with extra cash that can be put towards mortgage repayments, leaving them debt-free sooner. 1 We explain how homeowners can pay off their mortgage earlyCredit: Alamy This would dramatically cut your […]

18 Jul 2021

Is a No-Cost Mortgage Too Good to Be True?

Maurie Backman The Motley Fool Published Jul 17, 2021 9:00AM EDT Here’s what you need to know about home loans with no closing costs. If you’re looking to buy a new home, you probably need a mortgage to finance it. And it pays to shop around with mortgage lenders to see which one comes back […]

18 Jul 2021

Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee

Starting Aug. 1, the government-backed mortgage giants will stop charging a 0.5% refinance fee imposed last year The refinance fee imposed last year added about $20 a month for a $300,000 loan, said one analyst. Photo: MARK LIPCZYNSKI for The Wall Street Journal WASHINGTON—The cost of refinancing government-backed home loans is expected to fall […]

25 Jun 2021

Reverse mortgages: Everything you need to know

There’s a simple way to cash in on the equity you’ve built through home ownership. But is it right for you? Amanda Push June 25, 2021 6:00 a.m. PT Jim Lane/Getty Images If you’re 62 years old (or older) and have owned your home for long enough to have built up some equity, there’s a […]

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