What Is an assumable mortgage?
Homebuyers have more mortgage loan options available when buying a home than they may think. One of those could be the assumable mortgage, a home loan alternative that enables buyers to essentially take over the […]
Can you lose your house with a reverse mortgage?
For older Americans who may find they need more money in retirement, using a reverse mortgage to convert some of their home’s equity into cash can be an intriguing idea. Thanks to protections the U.S. Department of […]
What is mortgage forbearance?
When homebuyers take out a mortgage, they’re likely dreaming about living out their days in a house of their own—whether that means bedecking the front porch with plants or barbecuing in the backyard with the […]
Top 30 states with mortgage foreclosures for March
Despite the economic fallout and job loss from the pandemic, the number of U.S. properties with foreclosure filings in March was 11,880, down 75% from last year, according to ATTOM Data Solutions. This is likely thanks […]
A guide to lender-paid mortgage insurance
Homebuyers have a variety of conventional mortgages to choose from. The element most have in common is private mortgage insurance—usually required when the down payment is less than 20% of the home’s value. In some situations, […]