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Want to get a VA loan? Here are 5 things to know
<!– –> Mortgage » VA Loans » 5 Things To Know About Getting A VA Loan VA loans: Getting more popular every year As banks tighten lending standards, demand has increased tremendously in recent...
View ArticleLock or float a mortgage rate? How to decide
“Some people say, ‘These rates are phenomenal, and even if they get a little bit better, they are so good right now that it really doesn’t matter,’” Thompson says. “They’d rather take the risk off the...
View Article5 frequently asked questions about mortgage rate locks
A rate lock protects the borrower from rate fluctuations for the duration of the lock period. If market rates rise after the rate is locked, the borrower will still get the lower rate, to the lender’s...
View ArticleWill a reverse mortgage harm my children?
Dear Judy, It’s very sweet of you to worry about your children. But I think you’re worrying unnecessarily. After only two years, the balance due couldn’t have risen tremendously. If your kids are...
View Article5 frequently asked questions on mortgage rates
Below are five of the most frequently asked questions about mortgages and mortgage rates that borrowers have for lenders. What’s your rate? The question, “What’s your rate?” is only natural, yet there...
View ArticleBeware co-signing for a ‘kiddie condo’ loan
“It’s your credit score, intensity penalties and late fees,” says Certified Financial Planner veteran Robert Schmansky of Clear Financial Advisors in Bloomfield Hills, Mich. “It’s your credit that’s...
View ArticleStudent loan mimics subprime debt industry
For many months, writers, commentators, economists and activists have argued that a tyro loan attention looks all too many like a subprime debt attention did on a margin of a collapse. On Tuesday, a...
View ArticleCo-signed on $128,000 tyro loan. What now?
Dear Dr. Don,My niece’s preparation is boring my family into large debt. Her kin and grandparents have co-signed for astir $128,000 in tyro loans that she has refused to pay. It’s a vital weight for a...
View ArticleMortgages hop because of budget squabbling
If it weren’t for the Fed printing billions of dollars a month to buy mortgage bonds, borrowers would be facing higher rates today, some mortgage professionals say. The Fed is “attempting to create...
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Report Reveals Issues With Private Student Loan Servicers
Many borrowers reported carrying a tough time negotiating amends skeleton during durations of financial hardship. Earlier this year, a Consumer Financial Protection Bureau (CFPB) released a report,...
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