Some Households Cost-Burdened

Friday, January 17th, 2020

Nearly a third of American households were labeled cost-burdened last year because they are spending more than 30 percent of their total household income for housing.  The report done by the Joint Center for Housing Studies of Harvard University looked at both homeowners and renters.

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Understanding Reverse Mortgages

Wednesday, January 15th, 2020

Reverse mortgage loans are like traditional mortgages that permits homeowners to borrow money using their home as collateral while retaining title to the property.  Reverse mortgage loans don't require monthly payments.

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Moving Tips

Tuesday, January 14th, 2020

Mortgage Lock-in

Monday, January 13th, 2020

A mortgage lock-in is a lender's agreement to hold a specific interest rate for a stated period for a loan at the prevailing market interest rate.  This provides the borrower some protection against the interest rates going up during the lock period.

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In Case of an Emergency

Thursday, January 9th, 2020

Imagine having an emergency in your home and needing to find something that will solve the problem.  You need to be able to put your hands on it quickly. 

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Downsizing in 2020

Wednesday, January 8th, 2020

Approximately 52 million or 16% of Americans are age 65 and over.  It is easy to understand that some of them are thinking of downsizing their home because they don't need the same space they did in the past.

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Fixed-rate Payments Change

Tuesday, January 7th, 2020

Deciding between a fixed-rate mortgage and an adjustable-rate is one of the choices buyers make when getting a loan to purchase a home.  While the rate remains constant for the term of the mortgage on a fixed-rate loan, it does not mean that the payment will remain the same.

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Who are first-time homebuyers

Monday, January 6th, 2020
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