Question: I feel like I see TV commercials and hear radio ads daily for reverse mortgages. How do I know if my father is a good candidate for one? Answer: Before answering your question, let me give you a brief primer on reverse mortgages. A reverse mortgage is a loan secured by the equity in … Read more
Adobe Stock | Michael If you’re stuck in yesterday’s décor, let Hudson Valley’s home pros help renew and refresh your home’s essential spaces. Today’s kitchens and baths have claimed an elevated status when it comes to design and décor and an in-demand industry to match. If it’s time to give yours the attention they need … Read more
The following discussion reviews our results of operations for the three month period ended March 31, 2022 as compared to the three month period ended March 31, 2021 and assesses our financial condition as of March 31, 2022 as compared to December 31, 2021. You should read the following discussion and analysis in conjunction with … Read more
When it comes time to purchase a house, a potential buyer’s credit score plays a critical role in the lender’s decision. If you are asking yourself, ‘what is the perfect credit score?’ the answer is that it depends. Various factors are at play to determine the credit score needed to buy a house, and different … Read more
In 2016, Demarcus and Janice Holbrook cobbled together a down payment of just over $ 21,000, purchasing a Lake Forest home for $ 603,400 using FHA fixed-rate financing. Recently appraising at $ 900,000, their home appreciated nearly $ 300,000, or 50%, in five fast years. With two young children, the family of four now needs … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance tumbled today. The average rate on a 30-year fixed mortgage is 5.46% with an APR of 5.48%, according to Bankrate.com. The 15-year fixed mortgage has an average … Read more
Costco might have everything you need for a housewarming party, but as of this week it can not help you buy the house. Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it is no longer in the business of financing homes. The retailer recently decided to … Read more
Home equity in the US is at an all-time record, with the average mortgage holder now owning $ 185,000 in accessible home equity. That figure increased by 35% in 2021, fueled by a similarly rapid increase in house valuations. This is the fastest rate at which average home equity in the US has ever grown … Read more
Cautionary Statement Regarding Forward-Looking Information This report contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements related to our anticipated financial performance, business prospects and strategy; anticipated trends and … Read more
csfotoimages / Getty Images The state of California recently rolled out a pair of programs designed to help residents buy new homes or stay in their current ones, one of which provides forgivable loans to buyers for up to 10% of the purchase price. See: 10 Kitchen Renovations That Will Hurt Your Home’s ValueFind: Unplug … Read more