With interest rates in the high 4-percents to low 5-percents, now is the perfect time to refinance, especially for those of you who may currently have an adjustable rate loan. If you’re looking to get out of your adjustable rate loan, there is no better time than the present to get yourself into a fixed [...]

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At the time I got my home loan about 5 years ago, I have to admit that there were some seriously crazy loan programs being offered. At the time, I could have qualified and purchased a home 2-3 times the price of the condo I bought for $290K. The problem is that many people did [...]

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A second mortgage (2nd mortgage) is a loan taken against your home in addition to the primary mortgage. The equity in your home is used as the collateral for the loan in the second mortgage. Second mortgages are often called subordinate loans because they come 2nd to a primary loan, meaning that if a borrower [...]

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A reverse mortgage is a loan that allows senior homeowners (62 years or older) to convert the equity in their homes into tax-free income without having to sell or make new or larger monthly payments. The reverse mortgage got its name because the payment stream is “reversed”, so rather than making payments towards a loan, [...]

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