There are at least four major reasons that potential borrowers should avoid taking a reverse mortgage, according to economics professor Teresa Ghilarducci of The New School based in New York, N.Y. in a new column at Forbes. While admitting that reverse mortgages may work for some, she says that is […]

Fraud isn’t exactly rampant in the mortgage field. But it does happen, perhaps more frequently than you’d think. Sometimes, it’s the would-be borrower who commits the crime. Some lie on their applications about how much they earn, how long they’ve been on their current job, or the extent of their […]

Nicole Christianson, a 26-year-old sales rep, was tired of writing big checks for tiny apartments. And she wanted to do more with her cash than stash it in a savings account. One night, she and her husband Thure, 28, took a look at their newly combined finances and uncovered a […]

The first quarter of the year is gradually coming to an end. However, a lot of people are still struggling to own a house. Some have ‘all it takes’ to own a nice home nevertheless, the access to their new home is literally limited by ignorance. Are you ready to […]

Here’s a Catch-22: As we know, the housing market in 2008 took a major downturn, and many Americans quickly discovered that their mortgage balances exceeded what their homes were worth. In other words, they were “underwater.” The sliver of hope for most households was that the economy would improve, boosting […]

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the […]

Sixty-four percent of American households own their home. If you’re making the transition from renter to homeowner, it’s a time to take your finances seriously. If you’ve decided to buy a home, what questions do you ask first? “How much can they afford. They should start asking their bank or […]

Mike Miles This will be the first year of taxes filed under the Tax Cuts and Jobs Act of 2017. There were significant changes to the tax code compared to previous years. With consideration that it’s tax season, I thought it would benefit readers to have a quick rundown of […]

Second-rate second mortgage: What are your options? There are many reasons a home buyer or homeowner might take on a not-great second mortgage, home equity loan (HEL) or home equity line of credit (HELOC). If you’ve got one, you might be experiencing borrower’s remorse. So what can you do about […]

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money . Nicole Christianson, a 26-year-old sales rep, was tired of writing big checks for tiny apartments. […]