As the baby-boomer generation ages and the availability of income after retirement diminish, there has been a clear demand for ways for people to tap into the equity in their homes in new and innovative ways. Enter the rise of the reverse mortgage.
Update on HR 5140, The Economic Stimulus Plan
The economic stimulus package, HR 5140, is headed for the White House next week. Once signed, lenders can take the housing provisions into effect and individual taxpayers can expect to receive the rebate checks as soon as May 2008.
How to choose the right mortgage refinance loan
According to the mortgage Bankers Association of America, Americans refinance their home mortgage loans every four years. But how do Americans know it is time to refinance? How do they know which refinance loan to choose?
Existing home sales and home prices drop
The National Association of Realtors (NAR) announced today that existing home sales decreased 0.4% in January, when compared to the previous month’s sales.
Low Long-Term mortgage Rates Attract home Buyers
The mortgage Bankers Association (MBA) announced the number of consumers applying for a mortgage to purchase a home jumped 12 percent in the past week.