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Does A Reverse Mortgages Makes Cents?

Despite several big-name banks pulling the product from their respective home loan offerings, reverse mortgages remain a popular mortgage choice among homeowners aged 62 or over.

A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Rather than borrow a fixed amount of money then pay that loan balance down to zero as with a “forward” mortgage, a reverse mortgage starts at a given loan balance and works its way up as scheduled payments are added to the existing loan balance. Read the rest of this entry »

 
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Posted by on May 8, 2012 in Mortgage Guidelines

 

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Tax Tip : What Are You Going To Do with your Tax Refund?

The typical U.S. taxpayer will receive roughly $3,000 in federal income tax refunds this year — an average of $250 per month. So, what would you do with an extra $250 monthly? This segment from NBC’s The Today Show offers some advice. Read the rest of this entry »

 
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Posted by on April 12, 2012 in Taxes

 

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Boost Your Credit Score For Better Mortgage Rates

Are you in the process of buying a home or refinancing your current mortgage? Are you getting an FHA loan, or a Conventional loan? What is your credit score? Before a loan officer quotes a rate, these are the questions they will ask.
 
 

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Will Home Values Rise in 2012?

Will your home gain value over the next 12 months? Nobody can know for sure, of course, but should recent housing trends continue, there’s concrete cause for optimism.

The housing economy has suffered since 2007, knocking home values down nearly 20% nationwide. Here in Sacramento, the hit has been much larger (30% to 50%). And while some areas have fared better as compared to others, in general, home values are down. Read the rest of this entry »

 
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Posted by on January 13, 2012 in Housing Analysis, Rankings

 

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