In theory, a reverse mortgage makes for a wonderful idea. An elderly person who has his home that’s perhaps nearly paid for, but has little money to live on, can sell his title to his home to a lending company. The lending company gives him whatever his home is or two )worth on the market minus what he owes on the house; when the person passes away or when he moves out, the lending company gets... [Read more]

There are some people that go after a home loan with such bad credit that they have no hope of getting a good interest rate without a lot of work on their credit score – if they have any hope of getting a home loan at all. Some people with better credit just assume that they can not get a home or a good rate, even though they may qualify. Those with troublesome histories in credit will often seek... [Read more]

Investing in age-based 529 savings plans for your child’s college may seem like the ultimate in responsible investing in your child’s future. An age-based 529 plan typically invests your money in high-growth investments – stocks and the like – to begin with. As your child’s college freshman year draws closer, they are supposed to realize that if they lose any money in... [Read more]

The media keeps writing premature obituaries for the housing finance majors Freddie Mac and Fannie Mae with a certain amount of glee. Is that really called for though? If the federal government actually manages to shut these two down, would that be a good thing for homeowners in America? America has been raised on a steady diet of the 30-year and 40-year mortgages for about a half century now. With... [Read more]