Refinance & Mortgage Tips: Down Payment From 401k Or 403b Retirement Annuities
Is A Reverse Mortgage Right For You?
If you are purchasing a home and have a substantial portion of your assets inside of a retirement account such as a 401K, 403B or other retirement product or annuity, you may choose the increasingly popular option of tapping those funds to make a down payment on your new home. Like any other accounts you may have in your name, such as brokerage accounts and bank checking, savings and money market accounts, most popular retirement accounts qualify as assets to be counted towar…
Why you should consider using a mortgage broker
In the last few years reverse mortgages have been growing in popularity among the elderly. While there are numerous advantages associated with reverse mortgages there are also disadvantages as well. Before you take out a reverse mortgage, be sure you have the whole story.
Three Steps to Getting in the Right Financial Shape to Buy or Refinance a House
Find out what a mortgage broker can do for you and how they can make selecting a home loan easier.
Forever Changing the St. Louis Real Estate Landscape
Article details three things you should do several months before you get a mortgage loan. By being informed and proactive, a consumer will qualify for the best rates and terms for their mortgage.
Four Dangerous Words – “You Can Refinance Later”
A new company has emerged in the St. Louis Real Estate market. On June 15, 2006, Jim Hurley and findingstlouishomes.com began carving out a niche as the premier website for Expert Realtors in Metro St.
Adjustable Rate Mortgages Talking About Interest Rate Caps
Don’t be confused or misled when your lender urges you to take a loan with terms you may not be able to afford. Their suggestion that you can refinance later will not help you if you cannot afford the payments now.
What Is A No Doc Or Low Doc Home Loan?
Many people have jumped on adjustable rate mortgages to take advantage of the historically low interest rates we have seen over the last few years. Rates are now rising, which means you need to understand caps.
Now or Later? Taking Advantage of Mortgage Rates
A “Lo Doc” or sometimes call “Lo Doc Home loan” are mortgage or home loans where documentation for verification of your income is not required. However, all other documentation is.
These loans are ideally suited to self-employed, independent contractors, investors, credit rating impaired, ex-bankrupt or clients with arrears on current mortgages and borrowers who have been rejected by traditional lenders. Including people with suitable incomes but to meet bank verification…
The Reverse Mortgage-Fact & Fiction
Have you ever heard the story of the guy who always held out until tomorrow because he was certain mortgage rates were going to go lower? He waited his entire life and ended up dying with plenty of money, but living in an apartment. Sort of defeats the purpose of saving money to buy a home, doesn’t it?
Planning for retirement can be a daunting task, long-term care, investments or annuities, lack of retirement income. These all lead to unnecessary frustration. A reverse mortgage could settle some of that headache.