How interest rates work If you have wondered why the Federal Reverse cuts the interest rates and the rates for you go up, I hope to explain. People get in touch with me saying it is now a better time. No September was. Lenders will primarily discount rates before the actual Fed cut. Other people […]
What if mortgage interest rates stay high
What if mortgage interest rates stay high? Here’s what experts say buyers should do Buying a home can be challenging these days. Home prices remain high, and interest rates are up significantly compared to a few years ago. In fact, according to Freddie Mac, the average rate on 30-year loans is now creeping toward 7%. […]
Housing Market This Spring
After seven straight months of home price declines, here’s what 6 economists and real estate pros say to expect from the housing market this spring. Pros predict what will happen in the housing market this spring. The spring home buying season is upon us — and even ahead of it, we saw home sales rise. […]
Seniors want to move on, but ‘stuck’ in home
Seniors want to move on, but ‘stuck’ in home after not qualifying for new mortgage If your income is solely Social Security, it’s tough to qualify for a mortgage of any reasonable size, even at today’s extremely low interest rates. Q: There are thousands of seniors like us who are “stuck” in their homes because […]
Mortgage Shopping
Readers’ questions about mortgage shopping. answered by Jack Guttentag, The Mortgage Professor Q: How many price quotes should I get in refinancing my mortgage? A: Get as many valid quotes as possible. Two or three valid ones help; 10 phony ones are worthless, or worse. Valid price quotes must meet three major conditions: —Same market […]
Reverse Mortgage Retirement Planning
Reverse Mortgage Retirement Planning. Reverse Mortgage Alabama. New Partnership Seeks to Expand Reverse Mortgage Retirement Planning Knowledge by Jason Oliva, brought to you by Alabama's Reverse Mortgage Guy" Scott Underwood for educational purposes. A partnership between The American College of Financial Services and the Funding Longevity Task Force seeks to expand knowledge on issues related to […]
Talking With Kids About Reverse Mortgages
Talking With Kids About Reverse Mortgages. Reverse Mortgage Alabama. How To Talk To Your Kids About A Reverse Mortgage You may be thinking about applying for a reverse mortgage, but you’re worried about how it will impact your children. This is not an uncommon concern; many people considering a reverse mortgage are worried about […]
