As a result, seniors — like people in other age groups — can get mortgages if they meet a lender’s approval criteria.
American homebuyers are taking on riskier adjustable rate mortgages to address affordability concerns despite the potential for payments to increase in the future.
Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
VA loans often have lower mortgage interest rates than comparable conventional loans.
It may sound like a great way to keep your home and add a steady stream of income, but legal experts say knowing the risks of reverse mortgages is crucial before you agree to one.
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Some analysts say that ARM mortgages can be riskier than the fixed term ones.
Tunnel to Towers founder Frank Siller announces his organization will help the fallen officers from the Charlotte, North Carolina shootout that resulted in the deaths of four officers.
With Britain expecting a general election later this year, the ruling Conservatives and Labour opposition are drawing up rival plans to help a key demographic: aspiring homeowners.
Getting a home loan can be tougher for when you're in retirement, or just older.