Mortgage Rate Forecast For 2024: Experts Predict How Much the Mortgage Rate Will Drop. Mortgage rates just can’t seem to get into a sustainable downward groove. After hitting a 2024 high of 7.22% to start May, the average 30-year fixed mortgage rate dropped 19 basis points over the course of the month before rising above […]
Reverse Mortgage pros and cons
Newsweek turns eye toward reverse mortgage pros and cons The new column examines potential strengths and weaknesses of reverse mortgages, according to a team judged to be financial experts A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and […]
National vs Local
National vs Local – Who is best to use? Shopping local is in the news as the national retailer, Amazon, is coming under scrutiny for being the cause of small businesses struggling or going out of business. National or out-of-state lenders also offer home loans, including reverse mortgages, but working with a local company is […]
Ready to retire
Ready to retire. Reerse Mortgage Alabama. TIME MONEY RETIREMENT INCOME. Ready to Retire? Better Ask Yourself These 3 Questions First? by Walter Updegrave When researchers for a recent IPSOS/USA Today survey asked 45-to-65-year olds how prepared they felt for retirement, 59% responded that they felt very or somewhat prepared. The same percentage said they expected […]
Questions to ask
Questions to ask. Reverse mortgage loans are complex and have many requirements. When you apply for a reverse mortgage loan — and even before you apply — there are a lot of questions to ask. Here is a guide to some of the most important questions besides the ones you’ll ask about interest rates and […]
