Over a span of five years, people who owned their own homes in the United States have long been complaining specifically about foreclosure abuse in the mortgage industry. Since then they have wondered whether the people who have financial stakes for keeping the people housed in their own homes were paying them any sort of […]

While a reverse mortgage can be very beneficial to seniors – in that the bank pays the homeowner every month instead of the homeowner making monthly mortgage payments to the bank – a reverse mortgage is a loan on home equity and will need to be paid back eventually. j l t via Compfight There […]

Adjustable Rate Mortgages (ARMs) offer home buyers a way to purchase more home for less money. They offer a low introductory interest rate, then reset after a short period — anywhere from one to seven years — to a higher rate. Some ARMs can rise as much as six percentage points in interest over the […]