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Reverse Mortgages: Know Before You Owe

Are you or someone you know considering getting a reverse mortgage? A reverse mortgage is a type of loan for homeowners aged 62 and older often used to help pay for living expenses. Here’s how they work. With a reverse mortgage, you borrow money against the equity in your home. Instead of paying interest and […]

Are No-Cost Mortgage Closings Too Good to Be True? Some mortgages don’t charge closing costs. Is there a catch?

Image source: Getty Images. While it doesn’t influence our opinions of products, we may receive compensation from partners whose offers appear here. We’re on your side, always. See our full advertiser disclosure here. Many homebuyers — first-time buyers in particular — are surprised to learn that the process of getting a mortgage isn’t free. Rather, […]

5 housing trends for 2021: What’s ahead for mortgage rates, home prices, flight to suburbs?

What’s ahead for mortgage rates, home prices, flight to suburbs? Americans’ move from urban centers to suburbs and smaller cities is “unambiguous,” says Robert Dietz, chief economist at the National Association of Home Builders. Dreamstime/TNS In 2021, mortgage rates will rise from record lows, home-price gains will slow and Americans will continue their migration to […]