How FICO Scores are Calculated

How FICO Scores are Calculated

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...
House Hacking to Afford Homeownership

House Hacking to Afford Homeownership

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...
Reverse Purchase Can Help Baby Boomers

Reverse Purchase Can Help Baby Boomers

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...
Four ways a Reverse Mortgage Can Help You

Four ways a Reverse Mortgage Can Help You

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....