Customer Talks About How They Used Reverse Mortgage Money From Golden Years Mortgage Solutions

A customer talks about how they used the reverse mortgage money that they got with Golden Years Mortgage Solutions

American Businesses and Consumers are NOT Deleveraging … They Are Going On One Last Binge

American Businesses and Consumers are NOT Deleveraging … They Are Going On One Last Binge → Was hington’s Blog Everyone knows that the American consumer is deleveraging … living more frugally, and paying down debt. Right? Well, actually, as CNBC’s Diana Olick pointed out in April, many consumers are stopping their mortgage payments, and then [...]

The changes on FHA loans and how they will affect borrowers and sellers

The changes on FHA loans and how they will affect borrowers and sellers Seller concessions What are they? Contributions that sellers kick in to help defray a buyer’s costs. They can include closing costs, inspections, appraisals and free upgrades. What’s changing? The FHA proposes slashing allowable seller concessions in half, capping them at 3 percent [...]

Home Equity Loans – Do They Really Save You Cash?

Home equity loans and lines of credit usually are repaid in a shorter period than first mortgages. Home equity loans are attractive to borrowers for a few main reasons:They typically have a lower interest rate (or APR)They are easier to qualify for if you have bad creditPayments on a home equity loan may be tax [...]

I have a capital one home equity line of credit, variable rate. How high or low can they fluctuate?

That’s what I’m nervous about. My interest rate is right now at 6.5%, and because the economy is so bad that’s most likely why. However as the economy rebounds, which it eventually will, I’m sure my interest rate will jump. However that worries me because I’m not sure how much I’m then going to end [...]

Home Equity Lines of Credit and How They Work

You’ve certainly heard the ads on television that tell you to ‘tap the equity in your home’ when you need fast cash for home renovations, emergencies and even family vacations. There are two main types of home equity loans, a standard home equity loan, and a home equity line of credit. Before you decide to [...]