More homeowners ages 62 and older are starting to take advantage of the multiple benefits a reverse mortgage has to offer them, including the elimination of monthly mortgage payments and access to their home equity. Unfortunately, as these loans become a more popular form of financing, the ways in which older homeowners are being defrauded […]

There are many benefits available to veterans who have served this country. One of these benefits is access to housing through the VA loan program, which makes it easy for veterans to obtain affordable financing at competitive rates. There is also another benefit available specifically to older and disabled veterans that is not as well […]

Last month, FHA mortgages became increasingly popular, according to statistics released by the Department of Housing and Urban Development last week in the FHA Outlook Report. In March, there was a 68% increase from the previous month in the number of FHA mortgage applications, with 246,406 applicants applying for this type of financing. This increase […]

More and more homeowners are turning to reverse mortgages as a financial solution. According to the Department of Housing and Urban Development’s FHA Outlook Report, the number of reverse mortgage applications increased by 11% from February to March of this year, with 7,398 homeowners applying for this type of financing. March was the second month […]

For some prospective homeowners, April 30 will be a sad day. This day marks the end of the Home Buyer Tax Credit, and those individuals who are not fortunate enough to sign a purchase contract by Friday can say goodbye to that tax incentive. But there is good news for certain military personnel. The tax […]

Since the introduction of the Home Affordable Modification Program by the Obama Administration, as well as its many additions, there have been mixed reactions from home experts, FHA lenders and consumers, but much of the feedback has been negative. While many experts believe that principal reduction, one of the aspects of HAMP, is the only […]

Veterans have provided a service to this country and are entitled to receive certain benefits, including home loan benefits from the VA loan program. Veterans who were disabled as a result of their service in the military are entitled to additional VA loan benefits, as well as fair and equal protection under the U.S. Department […]

There are an estimated 80 million individuals on the brink of retirement, which means they will likely need additional sources of income. The recessing economy has decreased the amount of retirement funds that many expected to receive, and many homeowners do not want to eliminate their savings just to be able to remain in their […]

Today’s market offers many advantages to potential home buyers. Low interest rates, low housing prices, purchase incentives and more make now an ideal time to purchase a home, especially for those who do not have a lot of money to put toward a down payment or monthly mortgage payment. Take Advantage of Low Rates and […]

For homeowners who are in danger of having their property foreclosed upon, there may be better alternatives to a foreclosure. In early April, yet another addition was introduced as part of the Home Affordable Modification Program (HAMP). The purpose of this addition, named Home Affordable Foreclosure Alternatives (HAFA), is to provide less costly and more […]