Monthly Archives: September 2024
Who’s Afraid of Reverse Mortgages?
When you close on the purchase of a house, especially if you are a first-time homebuyer, you have high hopes about paying off the mortgage. You make a budget where you pay more than the minimum payment each month, thereby making a dent in the principal so that you pay less interest over time. … Read More »
Beware of Zero Percent Down Mortgages
Whether or not you were old enough to understand debt and financial risk when the 2008 housing market crisis happened, you were probably dismayed to hear about the people who borrowed subprime mortgage loans and then, to no one’s surprise, defaulted on them. How could anyone be so unscrupulous as to lend huge mortgages… Read More »
