Worried That Job Hopping Could Hurt Your Loan Chances?
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Worried That Job Hopping Could Hurt Your Loan Chances? Ready to jump to a new job? That’s great news. But if you’re also applying for a mortgage loan, you might want to put a hold on that job-hopping until after your loan closes,… Read More
How to Pay Off Your Mortgage at Lightning Speed
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How to Pay Off Your Mortgage at Lightning Speed Did you know that less than 20 percent of U.S. homeowners have 50 percent equity or more in their homes? After reviewing the terms of your mortgage, it may seem like it will take forever… Read More
What Happens to My Mortgage When I Die?
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What Happens to My Mortgage When I Die? While death is a little bit of a taboo topic, you are not the only one thinking about it and wondering, “What happens to my mortgage when I die?” Unfortunately, the mortgage payments don’t just disappear. Truth is, this is… Read More
Consumer Watchdog Warns: Mortgages and Retirement Don’t Mix
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A growing number of retired Americans have more mortgage debt, less affordable loans and are at a greater risk of foreclosure than prior generations, the Consumer Financial Protection Bureau said in a new report. What’s the big deal about having a mortgage during retirement? Income typically falls… Read More
Taking This Class Could Save You Thousands On Your Next Mortgage
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Would you go to a housing counseling education program if it would save you nearly $10,000 over the life of your mortgage? The Federal Housing Administration is betting you would. It’s proposing a new program that would discount mortgage insurance premiums for homeowners who agree to undergo housing… Read More
WHAT HAPPENS WHEN YOUR LOAN IS SOLD?
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Written by Benny L. Kass on Tuesday, 15 April 2014 Question: We refinanced our home loan in March with an on-line mortgage lender. Within a couple of weeks, we received a letter from another mortgage company advising us that our May payment was to be made to them. Read More