Posted in Mortgage

Overcome tough economic times with a reverse mortgage

幸运的是,我们在 2022 年迎来了前所未有的通货膨胀、商品成本上升和收入损失,这些都始于 COVID-19 大流行。 更糟糕的是,抵押贷款延期已被延长了几次,但现在大多数贷款人都要求贷款到期。房主必须与贷方签订贷款修改协议、再融资或与贷方安排替代协议才能再次开始付款。尤其是年长的房主正面临着真正的挣扎,他们担心他们是否有足够的资产来维持整个退休生活。 这就是坏消息。 好消息是,有三种安全且战略性的解决方案可以在无需动用退休储蓄的情况下进行转型:1) 通过反向抵押贷款获得房屋净值,2) 用反向抵押贷款取代当前抵押贷款以消除强制性抵押贷款支付,以及 3 ) 使用反向抵押贷款购买更适合未来需要的房屋,而无需每月支付强制性费用。 如果您已退休或接近退休,房屋净值可能占您净资产的很大一部分。根据全国反向抵押贷款人协会和 RiskSpan 提供的数据,截至 2021 年,62 岁及以上的房主的集体住房财富增加至 9.57 万亿美元。HECM 反向抵押贷款使 62 岁及以上的房主可以在他们仍然拥有并继续住在那里的情况下获得捆绑在他们家中的一部分财富。 怎么运行的…

Continue Reading
Posted in Mortgage

Mortgage rates fall for the first time in 3 weeks, but demand is still light

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.03% from 3.06%. Applications for a loan…

Continue Reading
Posted in Mortgage

More than one-third of consumers found errors in their credit reports, investigation finds

Lenders review every mortgage applicant’s credit report to evaluate their ability to repay a loan and their overall creditworthiness. Your credit report — and credit…

Continue Reading
Posted in Mortgage

My wife and I have $1.8 million saved and earn $400K. I want to pay off our 20-year mortgage before we retire. She says no

‘I worry that stretching that house payment into our first five years of retirement will eat a huge chunk out of the retirement funds’ My…

Continue Reading
Posted in Mortgage

Which Type of Mortgage Is Best For You?

Whether you’re buying a home for the first time or the fifth, applying for a mortgage can be a daunting process.But the more you know…

Continue Reading
Posted in Mortgage

What are the included costs in the mortgage refinance?

Mortgage points (or Discount points)   Mortgage points are charges paid to the lender directly at closing, in exchange for a decreased interest rate. This…

Continue Reading
Posted in Mortgage

What credit rating is required during purchasing a home?

Are you a first-time homebuyer? One of the crucial determinants in securing a mortgage is your credit score. The three-digit numbers sometimes make buying a…

Continue Reading
Posted in Mortgage

All about National Mortgage Rates

After some straight declines for a few weeks, mortgage rates have started marching up one more time. When I observed the 30- year fixed are…

Continue Reading