What is a reverse mortgage? Most home buyers applying for a loan know what a mortgage is, but a reverse mortgage may seem far less familiar. Maybe you’ve heard this mortgage term bandied about, and maybe have even seen the late-night TV ads promoting them. But people are often confused or all-out clueless on […]

What is a mortgage? In a nutshell, a mortgage is a loan that enables you to cover the cost of a home. Since you probably don’t have hundreds of thousands of dollars lying around, a mortgage loan makes it possible to purchase real estate by fronting you the money. From […]

5 Weird Reasons You WON’T Get a Mortgage Getting a mortgage, however, isn’t just about the “do’s”. While they aren’t necessarily “weird,” these commonly overlooked “don’ts” can easily prevent you from being approved, whether you’re planning to buy a house in the coming months or in the process now. Don’t let them cost you […]

5 Things to Know About Mortgage Loans and Bad Credit. Believe it or not, your credit doesn’t have to be stellar to get a mortgage. Many banks and mortgage lenders only extend mortgage loans to applicants with at least a 640 credit score. However, not all lenders are created equal. And […]

Paying a mortgage into your 80s might not be what you’d planned on doing when you first bought your house. But for most people retirement doesn’t look anything like it did even 30 years ago. Rise of the “non-conformist” borrowers National Counties Building Society has just signed off a mortgage […]

Know the nuances of the system… The credit scoring system was introduced six to seven years back in UAE, and almost every citizen is familiar with the concept and what impact it will have on their financial life. The concept of credit score is simple — it just depends on […]

Here’s what every first-time home buyer needs to know to dive into house hunting with confidence—and with as few curveballs as possible. Whether it’s getting a mortgage, choosing a real estate agent, shopping for a home, or making a down payment, we lay out the must-knows of buying for the […]

Why do you want to buy a house? God has designed us to live and give generously. So our money decisions matter. And purchasing a house is one of the biggest money decisions you will make. There are several reasons why you may want to buy a house. Maybe you […]

If you’re hoping to buy a home, one number you’ll want to get to know well is your credit score. Also called a credit rating or FICO score (named after the company that created it, the Fair Isaac Corporation), this three-digit number is a numerical representation of your credit report, […]

If you have a first mortgage, and you’ve thought about consolidating your debt or financing a big purchase or home improvements, you might have thought about taking out a second mortgage. A second mortgage loan — where you borrow against your home’s value — can give you the cash you […]