Lending Information

Home Equity Conversion Mortgage (HECM): HUD Reverse Mortgage Programs

Home Equity Conversion Mortgage (HECM): HUD...

The Home Equity Conversion Mortgage (HECM) remains the most-popular reverse mortgage program in the U.S. This is probably because of its advantage in offering...Read More

The Pros and Cons of Home Equity Loans

The Pros and Cons of Home Equity Loans

Home equity loans can be tricky. On one hand, they can help you get the cash you need. On the other, you're using up the equity you've built up...Read More

How Do 80 10 10 Loans Work?

How Do 80 10 10 Loans Work?

If you've shopped for a home or met with a mortgage broker lately, you may have heard of the 80 10 10 loan. This mortgage product, also known as a...Read More

Getting Your Pre-Qualification Letter

Getting Your Pre-Qualification Letter

If you're serious about purchasing a home, obtain a pre-qualification letter before you begin shopping. If you don't, you may have a hard time...Read More

84 Month Auto Loan: Pros and Cons

84 Month Auto Loan: Pros and Cons

Have you noticed something strange about advertisements for car loans lately? It turns out that some lenders are now willing to stretch out car loan payments...Read More

Can a Reverse Mortgage Be Foreclosed On?

Can a Reverse Mortgage Be Foreclosed On?

Reverse mortgages allow senior citizens to convert home equity into cash, either as a lump sum or through monthly payments. The U.S. Department of Housing...Read More

How Does a Home Equity Loan Work?

How Does a Home Equity Loan Work?

Home equity loans make it possible to borrow against the value of your home or property. If your home has increased in value tremendously – or, if...Read More

New FHA Guidelines and Regulations

New FHA Guidelines and Regulations

The Federal Housing Administration (FHA) has published new FHA guidelines for 2017 that affect those wanting to buy a home using one of its mortgages....Read More

How to Get a Reverse Mortgage for a Mobile Home

How to Get a Reverse Mortgage for a Mobile...

As Americans age, they often downsize to an affordable life as seniors. For seniors living at home, the economics can seem challenging, especially if they...Read More