Your Reverse Mortgage Expert
What Does the Fed Rate Cut Mean for Home Prices? At the last two Federal Reserve Board meetings, the agency cut the federal funds rate — for a total of 0.75%. You might think this means all interest rates will automatically drop by that same amount, but that’s not really how it works. The federal […]
How a Reverse Mortgage Might Help Widowed Retirees I found this article through one of my lenders and thought I would share it. The death of a loved one can be a turbulent time for widowed retirees, both emotionally and financially. For widowed retirees facing financial uncertainty following a spouse’s passing, a reverse mortgage can […]
Reverse mortgage. Very useful and very misunderstood It’s very important to dispel one common misconception about the reverse mortgage. When the borrower takes out a reverse mortgage, he or she does not give up ownership of the home. As the Consumer Financial Protection Bureau points out, the borrower keeps ownership just like all other common […]
Here’s how many borrowers should refinance after the recent drop in mortgage rates Here’s how many borrowers should refinance after the recent drop in mortgage rates. A massive drop in mortgage rates will likely spark refinance activity. Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger […]
