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What is a reverse mortgage?
What is a reverse mortgage? A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan […]
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Can anyone take out a reverse mortgage loan?
Can anyone take out a reverse mortgage loan? No. Home Equity Conversion Mortgages (HECMs), the most common type of reverse mortgage loan, are a special […]
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I am considering a PACE loan for home improvements. What should I keep in m...
I am considering a PACE loan for home improvements. What should I keep in mind before signing up? PACE loans may have certain benefits, but […]
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What is a debt-to-income ratio?
What is a debt-to-income ratio? Your debt-to-income ratio (DTI) is all your monthly debt payments divided by your gross monthly income. This number is one […]
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What is a Qualified Mortgage?
What is a Qualified Mortgage? A Qualified Mortgage is a category of loans that have certain, less risky features that help make it more likely […]
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What is a Truth-in-Lending Disclosure? When do I get to see it?
What is a Truth-in-Lending Disclosure? When do I get to see it? The federal Truth-in-Lending Act – or “TILA” for short – requires that borrowers […]
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Can my partner, family, or dependents live in my home if I have a reverse m...
Can my partner, family, or dependents live in my home if I have a reverse mortgage? As long as you still live in the home, […]
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How do credit reporting companies get my information?
How do credit reporting companies get my information? Banks, credit unions, retail credit card issuers, auto lenders, mortgage lenders, debt collectors and others voluntarily send […]
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Should I use a home equity loan to refinance my student loans at a lower in...
Should I use a home equity loan to refinance my student loans at a lower interest rate? This can be risky. Student loan borrowers who […]
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What types of loans are covered under the Military Lending Act?
What types of loans are covered under the Military Lending Act? Payday loans, overdraft lines of credit, and most installment loans are covered by the […]
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