Banking

June 25, 2018

How does a reverse mortgage work?

A reverse mortgage is a way for you to take advantage of some of the equity that is currently tied up in your home. A reverse […]
June 25, 2018

What disclosures should I get from my lender?

The lender is obligated by the Truth in Lending Act to provide you with a written statement with a list of all of the costs associated […]
June 25, 2018

How can you lock in an interest rate?

After choosing a lender, you may be quoted a rate, which may “float” until the actual closing, meaning that it is not guaranteed. With a lock-in […]
June 25, 2018

What costs are associated?

The costs associated with getting a home equity loan are basically the same as a refinance. Appraisal A non-refundable application fee Up front points, which equal […]