From high-end condos in Hawaii to inexpensive trailer parks almost anywhere in the United States, homes on leased land are a way to own a home for a lot less money than a house on land owned by the homeowner.
Using a reverse mortgage to buy a vacation home in the Cayman Islands sounds like one of the worst uses for the federally overseen program meant to help older homeowners either fund their retirement or at least stay in their homes by no longer having a mortgage bill.
Most consumers are aware of the three major credit reporting companies that generate the scores used in qualifying borrowers for loans.What they may not know is that Equifax, Experian and Transunion are only the tip of the iceberg when it comes to tracking and reporting consumer behavior.
People who are looking to minimize their monthly mortgage payment sometimes consider a 40-year loan.While this can be a useful product for some borrowers, it's one that you need to approach with caution.
Now that the dread Winter of 2014 finally seems to be behind us, the spring homebuying season is upon us.It's the most popular time to buy a home, but also the most competitive.What do you need to do to be ready for it?.
What happens to your mortgage if you should pass away before it's paid off? While it's not a pleasant thing to contemplate, it is something you should plan for if you want the property or its equity to pass to your heirs trouble-free.
It's tough out there for first-time homebuyers.Despite a seemingly attractive housing market, many remain sidelined by low incomes, high debt or a combination of both.So what's the trick to finding a house you can afford?.
Homeowners whose mortgage debt is reduced through a loan modification or short sale could get hit with a tax bill if Congress doesn't act to extend a special exemption due to expire at the end of the year.