Pros and cons of an adjustable-rate mortgage (ARM) Mortgage May 31, 2024 Key takeaways An adjustable-rate mortgage (ARM) is a mortgage with an initial fixed interest rate that resets at periodic intervals.…
VA loan benefits and disadvantages Mortgage May 30, 2024 Key takeaways VA loans offer many benefits such as no down payment/mortgage insurance, easier qualifications and lower interest rates. However,…
What is the Home Ownership and Equity Protection Act (HOEPA)? Mortgage May 29, 2024 Key takeaways The Home Ownership and Equity Protection Act (HOEPA) is a federal law that aims to protect consumers from…
Right of rescission: Canceling a HELOC, home equity loan or refinance Mortgage May 28, 2024 jessica.kirsh/Shutterstock Key takeaways The right of rescission allows homeowners to back out of certain refinance, home equity loan and HELOC…
Wraparound mortgage: What it is and how it can help buyers and sellers Mortgage May 27, 2024 Key takeaways A wraparound mortgage is a unique form of seller financing in which the seller keeps their mortgage and…
How do you pay back a reverse mortgage? Mortgage May 26, 2024 Key takeaways Reverse mortgages allow seniors to borrow against their home equity. If the borrower dies, a reverse mortgage falls…
72Sold review: What it is and how it works Mortgage May 24, 2024 A lot of companies out there can help you sell your home quickly. But with iBuyers and cash-homebuying firms, that…