Mortgage Preapproval Is Harder to Get for Many Borrowers
A preapproval letter can speed up the application process and give buyers an edge with home sellers, but fewer lenders are providing them. Learn how can a buyer make sure they are qualified.
Should You Use a Reverse Mortgage in Retirement?
Seniors strapped for cash might want to consider a reverse mortgage in retirement. These loans have become a popular tool for retirees who found their retirement savings hammered by the down market. Over 100,000 people took out a reverse mortgage in the U.S. last year.
Can Obama cut my mortgage?
Why doesn’t our President lower all mortgage interest rates to 4.25 percent for everyone who refinances? That would stop a lot of foreclosures, wouldn’t it? Plus then everyone would have more money to spend on other items.
America’s real mortgage rate
Record low mortgage rates?
Is it time to refinance a mortgage?
I have a $390,000 mortgage at a 5½ percent fixed interest rate for 30 years. I have 27 years left in the current term. Is it a good idea to refinance the loan for 30 years fixed at a 4.375 percent interest rate?
