We are looking at purchasing a new home. We are both over age 62, and I understand we can purchase a home using a reverse mortgage. Is this true? Yes, the reverse mortgage tool can be used for either a purchase or refinance. The rev
May 22, 2012 |
At a time when consensus is hard to find in Washington, members of Congress, advocates for senior citizens, and representatives of financial services companies all agreed that reverse mortgages are an important tool in providing a better life for seniors,
May 18, 2012 |
I am trying to determine whether we are going to build a home or negotiate with our builder to purchase the house complete. What are my options? I do have VA eligibility, and we believe this project will cost app
May 16, 2012 |
Congratulations to Jeremy Krupnick, Michelle Phillips, Mary Leeds, Mary Beth Marshall and Susanna Thomson on being recognized as Five Star Mortgage Professionals in the May/June issue of Hampton Roads Magazine. This is the second year Jeremy and Mary Beth
May 09, 2012 |
I am negotiating a contract to purchase a new home. The purchase price is going to be around $525,000, we plan to live in it full time. What is the least amount of money we can put down? First, this is jumbo money. Our professionals program will
May 07, 2012 |
Mortgage rates plummeted to record lows, with the average interest rate on 30-year, fixed-rate mortgages dropping to 3.84 percent this week from 3.88 percent last week, Freddie Mac reported yesterday. The previous record of 3.87 percent was last registere
May 04, 2012 |
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