Mortgages

Mortgage Calculators

When looking to purchase a house for the first time, or move into a new house, one of the best tools available is a mortgage calculator. Mortgage calculators are typically used to help with budgeting and comparing the overall costs…

Fixed Vs. ARM: Know Which Mortgage Is Right for You

When you are shopping for a new mortgage, one of the most important decisions you can make is whether to get a fixed loan or an adjustable ARM. The type of home loan you choose controls your interest rate, payments…

FHA Reverse Mortgages For Seniors

This federal program helps homeowners age 62 or older to become more financially secure by using the equity in their home as a source of funds. A reverse mortgage is a loan, and homeowners can use the money as they…

What are HUD's Reverse Mortgages?

After retiring from a workplace, or when money is a little tight, senior citizens can find that there are financial opportunities that are designed for their specific goals and concerns. An option that can help when an individual or couple…

Understanding How Reverse Mortgages Work

For many people, the equity in their home is their largest asset, and when it comes time to retire, they may be counting on tapping that asset for money to live on. Selling the home is an option, but for…

Mortgage Refinance Calculator

 Reasons to Refinance Many homeowners see ads or hear of lower interest rates than they currently pay on an existing home mortgage loan. There may be good reasons to consider refinancing. Interest rates may have fallen; currently, in the United…

The Truth About Mortgage Interest Rates

Unfortunately, many mortgage shoppers are under the impression that banks set the rates on home loans. Consumers may see an ad with Bank ABC offering 6.5 percent on a 30-year fixed rate loan while bank XYZ offers 6.25 percent, and…