Tag: Mortgage
Forward Mortgages vs. Reverse Mortgages: Which is Right for You?
When you want to buy a home but can't pay for it all at once, a mortgage can help. It's like a loan that lets you buy the house and pay back the money...
Forward Mortgages: What is it and How it Works?
Forward mortgages play a pivotal role in the US housing market, constituting the lion's share of mortgage transactions, accounting for approximately 70-80% of the market. In 2022, the total origination volume of mortgages in...
Mortgage Rates – What Are They & How They Work
Have you ever wondered why mortgage rates go up and down? Mortgage rates affect how much you pay for your home each month and overall. It's important to know how they work if you're...
Interest-Only Mortgages: How They Work and Their Benefits
Are you considering an interest-only mortgage? Even though interest-only mortgages became less popular after the 2008 financial crisis, there are still people who want to get them. If you're interested in the idea of...
Reverse Mortgages: What is it and How it Works?
If you are considering reverse mortgages, you're not alone. Many older homeowners use them. It allows you to use your home equity without actually selling it. The loan lenders will be paying you.
In this...
How Credit Score Affects Mortgage Rates and Approval
Do you want to know the relationship between your credit score and mortgage rates and approval? Your credit score is really important when you're applying for a mortgage, which is a loan to buy...