Mortgages

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Reverse Mortgage Cautions

Submitted by Sterling Raskie on Thursday, July 23, 2015 - 12:00pm

As you near retirement, you may foresee a need for more money in the golden years than your savings can handle. You look to use Social Security, careful withdrawals from qualified accounts and maybe annuities. Can you also use one of your biggest assets: your home and its equity in the form of a reverse mortgage?

Key Homebuying Details

Submitted by Joseph A. Clark on Wednesday, July 22, 2015 - 12:00pm

For most of us, our home is the largest investment we ever make. Counter your understandable butterflies at such an outlay of money by knowing as much as you can about the process in advance.

Should You Buy a Home?

Submitted by Maureen Crimmins on Wednesday, July 15, 2015 - 3:00pm

Dream of hanging your hat on a rack that you own? Purchasing a home is a financial decision and an emotional one – and buying at the wrong time or for the wrong reason can mean a big mess. Here are factors to consider before you sign that dotted line.

The Housing Help Fiasco

Submitted by Brenda Wenning on Wednesday, June 24, 2015 - 9:00am

The idea was logical enough: The government should step in to restore the housing market, which the financial crisis had crippled. Too bad that these seemingly noble efforts were ineffective.

New Retirement Landscape

Submitted by Ray Ferrara on Friday, June 19, 2015 - 9:00am

Retirement is not what it once was. Inheritance is no longer a sure thing to fund your golden years. Paying off a mortgage, once a rite of passage for retirees, makes less sense today. And forget the old saw that 65 is the right age to retire. Increasingly, people are shying away from a date certain.

A Guide to Mortgage Costs

Submitted by Kimberly J. Howard on Wednesday, April 22, 2015 - 12:00pm

Taking out a mortgage is a costly enterprise, with fees you probably don’t expect. It pays to know what you are in for when applying. Since the housing bust, many lenders tightened their standards, which means more hurdles for you.

Better to Buy or Rent?

Submitted by Sheri Iannetta Cupo on Tuesday, April 14, 2015 - 12:00pm

Spring – a time for fresh starts and, for some, a new home. Before you head out to open houses, your first question should be: Should I own a home at this time? Your second: Or should I remain a renter?

Should You Refinance?

Submitted by Rick Kahler on Thursday, April 2, 2015 - 3:00pm

Interest rates on home loans are historically low. That means now is the time to dig out your mortgage loan paperwork and consider whether refinancing is right for you.

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