The Latest Mortgage News

How to Manage a Mortgage After a Career Change

July 19, 2024 Mortagage Tips Comments Off on How to Manage a Mortgage After a Career Change

A career change is usually an exciting journey, it offers new opportunities and growth. It can also bring challenges when you have a mortgage to manage. Balancing a new job and financial commitments can be stressful, but with the right strategies, you can stay on top of your mortgage payments and maintain your financial stability.

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Can You Refinance a Reverse Mortgage Loan?

July 18, 2024 Mortgage Comments Off on Can You Refinance a Reverse Mortgage Loan?

When you first opted for a reverse mortgage, it might have felt like the perfect solution to tap into your home equity and enjoy your retirement without monthly mortgage payments. As time passes, your financial situation, goals, or the market itself can change, making you wonder:

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Hard Inquiry vs. Soft Inquiry — What’s the Difference?

July 17, 2024 Credit Scoring Comments Off on Hard Inquiry vs. Soft Inquiry — What’s the Difference?

Most people know that your credit score can drop if you miss a payment or have a new collection filed against you. But how about when you apply for new credit? Yes, a credit application will trigger a “hard inquiry” on your report, which can have an impact on your credit score. Here’s what to know about hard inquiries, and how they compare with “soft inquiries.”

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Understanding Warrantable vs. Non-Warrantable When Purchasing a Condo

July 16, 2024 Home Buyer Tips Comments Off on Understanding Warrantable vs. Non-Warrantable When Purchasing a Condo

When you’re shopping for a condo, there’s a bit more on your plate than just the typical homebuying concerns like credit scores, interest rates, and loan programs. A crucial aspect is understanding the role of the Homeowners’ Association (HOA) and whether the condo is warrantable or non-warrantable. This distinction can significantly impact your mortgage process and future as a condo owner.

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