Top 3 Mortgage Mistakes

During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the...

Understanding FHA Home Loans

Because of lower down payment requirements and less stringent lending standards, FHA loans are popular with mortgage borrowers. Simply stated, an FHA loan is a mortgage insured by the Federal...

Real Estate Traps To Avoid

Since a home buyer apportions the bulk of his savings and income to a single investment, he wants to save as much as possible. Property developers exploit this penny-pinching penchant by offering...

Reverse Mortgages

A reverse mortgage is a home loan that provides cash payments based on home equity. Homeowners normally “defer payment of the loan until they die, sell, or move out of the home.” Upon...