There is always uncertainty in the market in an election year, but many people are wondering exactly what kind of impact Donald Trump’s election will have on their mortgage and the real estate options available. Here are some possibilities for the mortgage market following the results of the 2016 election.
If you’re a homeowner who is looking to tap in to the home equity that you’ve spent years building you may be interested in a “reverse mortgage” or “home equity conversion mortgage”. Let’s take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.
In today’s post we’ll take a look at a few ways that you can analyze your financial situation to help decide how much mortgage you can truly afford.
For those homeowners who have lived in their home for more than a few years, pulling equity out of the property is a tempting potential benefit. However, with property values and interest rates adjusting frequently, you may wonder if now is the best time to refinance your mortgage.
During the course of a marriage, it is common for the couple to acquire property together. In this article we’ll share a few tips on how to deal with a joint mortgage loan in the event of a divorce.