Perfect time to refinance or purchase

New home listings are on the rise, and consequently, along with the drop in mortgage rates, buyers have been given a bit of much needed respite in the current housing market. The meager supply from the beginning of the year has eased, with more people selling their homes and slowing the rising cost of individual
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End of forbearance plan?

September 2021 marks the end of relief for the first wave of people who applied for the Government’s coronavirus mortgage relief program. As forbearance programs for mortgages begin to end across the country, many homeowners are reviewing their options in repaying the forbearance amount. If you are one of the 7.25 million homeowners who choose
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Zombie Mortgage

New, unforeseen challenges have come back from the dead to bite homeowners in the back. What’s “Zombie Mortgage”? This is the situation where a property owner has abandoned a property encumbered by a mortgage and the lender will not foreclose and take the property. Colloquially known as “Zombie mortgages” they mainly affect those who applied
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The Myth of Reverse Mortgage

While the concept of a reverse mortgage has been around for a while, they are less utilized as there are some misconceptions in the market. They may soon become a more popular option for many once one understands how to use this product to enhance their lives. A reverse mortgage is quite simple: a borrower
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Market Update – March 17, 2021

Housing does not seem to have been affected much by the rising mortgage rates which is not too good of news for those shopping for bargains. This month the mortgage rates have continued to increase from the lowest point but still remain at historic lows. Lenders remain busy as people still continue to purchase and
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