What Is an All-In-One Mortgage?An all-in-one mortgage is a mortgage that allows a homeowner to pay down more interest in the short-term while giving them access to the equity built up in the property. It combines the elements of a checking and savings account with a mortgage and home equity line of credit (HELOC)...
Category: Mortgages
Using a reverse (HECM) mortgage to purchase a home
How to use a reverse (HECM) mortgage to purchase a new home.
Qualify for a mortgage with rent payments
Qualify for a mortgage through a consistent rental history through Fannie Mae's new underwriting guidelines
Reverse Mortgage to Purchase
HECM for Purchase is a reverse mortgage that allows seniors to purchase a new principal residence using proceeds from a reverse mortgage.
The Fed May Meeting
The Fed promised, and they delivered. At their most recent meeting, the Fed moved policy rates up by 0.5%, just as they've been saying. Because it was expected, interest rates had moved in advance, including those for home mortgage loans. For the time being mortgage rates eased but they...
Preparing for your mortgage application
Save yourself some time.One thing you can do now to prepare for the day you're ready to make an offer on a home is plan for the accounts, documentation and resources you'll need when you file a mortgage loan application.Below, I’ve spelled out some actions you can take now and...