Home Equity Loan or HELOC vs. Reverse Mortgage: How to Choose

Home Equity Loan or HELOC vs. Reverse Mortgage: How to Choose

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.” If you’re a homeowner and 62 or older, you

New-home mortgage loan volume drops to 13-month low in June

New-home mortgage loan volume drops to 13-month low in June

New-home purchase application volume dropped every month in the second quarter, while building costs and low inventory drove loan amounts to an all-time high. June applications fell 3% from May and 23.8% year-over-year, according to the Mortgage Bankers Association’s Builder Application Survey. June’s seasonally adjusted annual estimate of 704,000 sales declined 5% from May’s 741,000

FTC to send 3,000 in refunds to victims of student loan and mortgage debt relief operation

FTC to send $223,000 in refunds to victims of student loan and mortgage debt relief operation

Photo (c) seksan Mongkhonkhamsao – Getty Images The Federal Trade Commission (FTC) has announced that it’s sending refund checks to people who fell victim to the deceptive marketing tactics of a student loan and mortgage debt relief operation.  In a complaint filed back in 2017, the FTC alleged that A1 DocPrep Inc, Streamlined Marketing, and

Does having student loan debt make it harder to buy a house?

Does having student loan debt make it harder to buy a house?

Student loan debt could prove challenging when seeking mortgage approval. (iStock) Mortgage interest rates remain near historic lows, creating a tempting opportunity to enter the market as a first-time homebuyer. But student loan debt can present a roadblock to buying a home. The average borrower owes $33,654 in student loan debt, according to data compiled