The Problem: Sally’s finances were out of order. Struggling to make mortgage payments and watching interest pile up on existing debts, she was constantly anxious and knew she needed help. She had equity in her home, but with a poor credit score, she struggled to find...
Reverse mortgages allow homeowners to access the equity in their homes, receiving either lump-sum, monthly payments, or a line of credit. Homeowners receive payments up to the value of the reverse mortgage until they sell the home, move, or pass away. For many people,...
Nearly 60% of all new homeowners in America are house-rich, cash-poor, joining millions of other homeowners with limited liquid assets. As more and more people categorize themselves as house-rich, cash-poor, it’s worth taking a closer look at the unintended...
We know what you’re going through. When you started looking into home refinancing, it seemed like the answer you’d been looking for: a way to get much-needed cash, lower your interest rate, or decrease your monthly mortgage payments. But after digging deeper, you...
Refinancing your home to take advantage of the equity built up in it can provide you with a lot of benefits, but it’s vital that you use the best method. Understanding the benefits and drawbacks of each refinancing option is critical to improving your credit, staying...
If you’re a homeowner, it’s no secret that traditional lending institutions look for a number of signifiers that you are responsible with your finances; and one of those key indicators is your credit score. Oftentimes, potential borrowers will be turned...
