home loans: A Contract Employee’s Guide to Homeownership in 2021 - 12/11/20 08:17 AM
To say the coronavirus pandemic has upended everyone’s plans this year would be an understatement. Millions of people were laid off and had to adjust their financial goals as they coped with the realities of the COVID-19 outbreak.
 
Perhaps you were among them and have since landed a new position as a contract worker, enabling you to continue moving forward despite the ongoing health crisis. Maybe your household finances have even been relatively stable this year, despite the transition to contracting from full-time employment.
 
Now you’re ready to buy a house, and it’s a good time to do it. Interest rates hit record … (1 comments)

home loans: Need Some Extra Cash for Retirement? Consider a Reverse Mortgage - 01/25/19 01:22 PM
Meeting unexpected costs during retirement can be difficult if you don't have much income coming your way. Oftentimes social security and savings may not be enough to meet an emergency expense, and many retirees don't bring in enough in monthly income to afford a home equity loan. In these cases, it may be worth considering a reverse mortgage which gives you cash today and doesn't require repayment until the home is sold. 
 
How Does a Reverse Mortgage Work?
Reverse mortgages allow you to trade future equity in your home for cash today. While typically received as a lump sum, you can receive your payout in the … (0 comments)

home loans: How to Improve Your Mortgage Application - 06/22/18 11:45 AM
The current housing market is tough on homebuyers. Housing prices are increasing, inventory is on the decline and interest rates are rising. Some reports are predicting one of the worst markets for housing affordability in recent history. In such a challenging environment, having a strong mortgage application will help maximize your chances of getting the home you want.
Tend to Your Credit Score
Your credit score affects your mortgage rate and loan terms, but it can also determine whether you get approved in the first place. Before submitting a mortgage application, you should request a credit report from one of the three major … (0 comments)