A mortgage represents most borrowers’ biggest debt, but it’s also tied to their greatest asset. This creates a double-edged financial sword that makes it critical to manage your mortgage debt effectively. But when everything from changes in the real estate market to new regulations from HUD can affect your debt and monthly payments, it can be hard to keep up. The following articles can help you understand today’s mortgage market and what it means for you as a homeowner.
Dec 07, 2016 | Meghan Alard
A new homebuyer assistance program in Maryland provides a means for borrowers burdened by student loan debt to achieve homeownership faster.
Homebuyers, Housing, Student Debt
Sep 19, 2016 | Meghan Alard
As the mortgage default rate nears zero, some believe it’s a sign lending standards are too strict. Here’s what homebuyers can do to get approval.
Aug 24, 2016 | Meghan Alard
HUD is calling for an investigation of down payment assistance programs to ensure practices are fair, but homebuyers may simply not be fully informed.
Jul 29, 2016 | Meghan Alard
A low credit score may not be as much of a roadblock to buying a home as you might think. A good credit building strategy can get you there within the year.
Credit Score, Homebuyers
Jul 14, 2016 | Meghan Alard
What’s happening in the political arena across the pond in Britain and the EU has a big impact on the mortgage rates and the real estate market in the U.S.
May 02, 2016 | Meghan Alard
2015 was a big year in mortgage lending, outreaching 2014 across the board, but is this a true real estate recovery or a return to risk subprime lending?
Apr 18, 2016 | Meghan Alard
You might think student loan debt prevents college attendees from attaining financial milestones like homeownership, but they’re more likely to hold mortgages.
Financial Wellness, Student Debt
Apr 15, 2016 | April Lewis-Parks
A study looks at the debts and debt problems of property renters versus homeowners. Is there a correlation between mortgage holders and financial stability?
Credit Score, Debt Advice, Debt Collection
Apr 11, 2016 | Meghan Alard
Statistics show only 2% of eligible seniors take advantage of reverse mortgages to access valuable home equity. Is cognitive aging to blame for the aversion?
Mar 28, 2016 | Meghan Alard
Mortgage modification could reduce your monthly payments and make your mortgage reflect your real property value; just be careful with new closing costs.