If you have a mortgage on your property, you may be wondering if you can still split the land. The answer is yes, you can still split your land even if you have a mortgage. However, there are a few … Read More »
When buying a home in Florida, you may be wondering if your spouse needs to sign the mortgage agreement. In most cases, the spouse does not need to sign the mortgage agreement. However, there are a few instances where the … Read More »
If you are looking to port your mortgage, you may be wondering if you will need to provide a down payment. The answer to this question depends on several factors, including the terms of your current mortgage and the terms … Read More »
When you’re looking to buy a home, one of the first things you need to consider is whether to take out a mortgage. There are pros and cons to taking out a mortgage, and it’s important to weigh them both … Read More »
The Federal Reserve increased the benchmark federal funds rate by a quarter point (.25%) yesterday. As a result, some may have expected consumer mortgage rates to also rise by 25%. The Fed’s action would cause the 30-year fixed rate, which … Read More »
An overdraft is a facility that allows you to withdraw money from your account even if you don’t have enough funds to cover the transaction. This can be helpful in an emergency, but it’s important to remember that overdrafts are … Read More »
Reverse mortgages are a type of mortgage that allows consumers to borrow money against their home equity in order to purchase a property or to improve their home. When a marriage ends, the reverse mortgage borrower may no longer be … Read More »
Mortgages can be ported from one lender to another, depending on the terms and conditions of the mortgage. A mortgage port can be a quick and easy way to switch lenders, and can often be done online. Recommended: How Long … Read More »
A reverse mortgage is a loan that allows homeowners to borrow against the equity in their home without having to sell it. The loan is repaid once the home is sold or the borrower moves out. How long it takes … Read More »
Many people take out a mortgage for a specific period of time, such as 5, 10, or 20 years. Lillie decided to take out a mortgage for 30 years. This will allow her to pay off her mortgage quickly and … Read More »