Reverse mortgage vs. HELOCs. What happens if you do a reverse mortgage but realize it might have been a mistake? Is a reverse mortgage better than a home equity loan or line of credit? And what are some other ways to tap your home equity other than taking out a reverse mortgage? Several different fintechs [...]
What happens if my husband dies and the title is only in his name? This reader is on the mortgage but not the title and hasn’t had any luck fixing it. Q: My husband died in 2013. After his death I learned that the title to our home we purchased when we got married was [...]
Is mortgage interest deductible in 2020? These homeowners have always deducted mortgage interest but their tax software is rejecting the entry this year. Q: Is mortgage interest still deductible on our federal income taxes? Is there something new that I am not aware of? Is there some reason to not have a mortgage that is [...]
How to find the best lender for your mortgage refinance. This is what lenders are looking for and how to get the best deal on your mortgage refinance. Q: Is it possible for you to refer me to a mortgage lender? I'm a single woman who would like to refinance the condominium I’ve lived in [...]
Can you sell a house if you are on the title but not the mortgage? Two names were on the title, but only one was on the mortgage when one spouse died. Q: My stepfather bought a house in Miami in 1999 and he included my mom on the title of the property at that [...]
Mortgage delinquency rates spike in 2020 due to COVID-19 pandemic. The latest loan insights show a 3.1 percent jump in overall delinquencies in just one year. Mortgage Delinquency Rates Spike in 2020 Due to COVID-19 Pandemic Having trouble paying your mortgage? If so, you’re not alone. Looking back in the early days of the pandemic, [...]
What you should know about refinancing your mortgage before retirement. Four things to consider when refinancing your mortgage before retirement. We recently received a long comment on one of our questions regarding a homeowner who was deciding whether to refinance their home before retiring. Our correspondent is a mortgage industry veteran of many years and [...]
How do you know if it’s worth it to refinance your mortgage? These homeowners want to know if they’re getting a good deal with their best offer. Q: When we bought our house, I read several of Ilyce's books and it not only empowered me to stand up to mortgage agents, it saved us tens [...]
What are the pros and cons of paying cash for a home? What to consider when deciding if it’s better to take out a low-interest mortgage or pay in cash. Q: I know mortgage interest rates are hovering at an all-time low. But, is there anything wrong with paying cash for a home? A: There’s [...]
Understanding COVID-19 homeowner relief resources. How to find coronavirus relief for homeowners offered by mortgage lenders, banks and the government. There’s a lot of confusion about what types of coronavirus relief resources are available for homeowners and who’s eligible for them. Over 60 percent of homeowners have no knowledge of COVID-19 resources or are unsure [...]
