by sgomes | Aug 2, 2024 | Mortgage
When applying for a mortgage, one critical step that stands between you and closing the deal is the underwriting process. The core function of underwriting is evaluating your financial standing, which determines your eligibility for a mortgage. It is based on factors...
by sgomes | Jun 13, 2024 | Finance, Mortgage
Your FICO credit score is important when considering buying a home. High scores can qualify for loan packages with lower interest rates, which can increase your borrowing power and lower your monthly payments. If you have a less-than-perfect credit score, you still...
by sgomes | Jan 26, 2024 | Finance, Housing
More than half of buyers under the age of 40 are interested in the option of “house hacking” as a way to afford a home. House hacking is purchasing a property that also provides rental income to help offset the costs of purchasing and maintaining a home. The basic...
by sgomes | Jun 8, 2023 | Housing, Reverse Mortgage
Content contributed by Choose Reverse, NRMLA, Statista, Longbridge and FHA: Baby Boomers are sitting on trillions in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA). These homeowners are seeking different retirement solutions to...
by sgomes | May 16, 2023 | Reverse Mortgage
From an article by Aly Yale. Updated on May 16, 2023 / Getty Images/iStockphoto / CBS News – There are multiple benefits to taking out a reverse mortgage. Here are the top four ways a reverse mortgage can help you: A reverse mortgage is a type of loan that pays you....
