Reverse Mortgages: Older Homeowners Cautioned   The Financial Industry Regulatory Authority urged homeowners over the age of 60 to carefully weigh their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years.   The group, formed by a merger of the NASD and some regulatory functions of […]

Negotiating with Your Lender   You’re behind on your mortgage, and you want to save your house. It’s time to talk turkey with your lender. But what do you say and who do you say it to?   In this short (1:32) video, Money Talks correspondent Stacy Johnson offers some tips.     Leave any […]

Mortgage Help: Talk is Cheap   With foreclosures and bankruptcies soaring nationwide, both government and private industry have been promising help to homeowners. But is that help materializing?   Learn more about "Hope Now" from Money Talks correspondent Stacy Johnson in this short (1:38) video…     What is your opinion about the "Hope Now" […]

Foreclosure Scams: Big Business Now   Among the byproducts of the U.S. housing crisis is a surge in scams that cheat people out of their money, their homes, or both, under the guise of offering to rescue them from foreclosure.   Almost every foreclosure rescue program you see advertised anywhere is fraud, and law enforcement […]

Reverse Mortgages: Pros and Cons   One of the most confusing mortgages to much of the general public is the reverse mortgage.  Lots of folks aren’t sure what a reverse mortgage is, who qualifies, how to apply, and where to go to get information.   These are all great questions, and here is a great […]

Sub Prime Mortgages: Not So Easy Anymore   If your credit isn’t the best, you might be familiar with sub-prime loans: they’re the kind with a high rate for people with low credit…   With the mortgage industry suffering it’s worst setback in decades in the past 12 months, the landscape is changing.  Money editor […]

Mortgage Questions: There Are NO Dumb Ones   The old saying, "the only dumb question is the one you don’t ask" couldn’t be truer when it relates to your mortgage. The more you ask, the more you know. And the more you know, the better decisions you’ll make when getting a mortgage.   when you […]

Home Mortgages with Bad Credit   2 points to keep in mind with a mortgage loan for people with bad credit:   Finding a bad credit mortgage could take a while.  The reason it can take a while is, most of the high street banks and financial institutions have shareholders.  They usually want to make […]

High-Cost Mortgages: Now a Bit Cheaper   Mortgage costs just got a little cheaper for buyers in high-cost areas.   The size of loans that can be guaranteed by Freddie Mac and Fannie Mae was raised recently by the Office of Federal Housing Enterprise Oversight.  The new, higher loan limits will stay in effect through […]

Lenders Cutting Off the Home-Equity Spigot   For more than a decade, banks encouraged homeowners to tap their equity for everything from paying off credit cards to covering college tuition.   Now lenders are abruptly shutting off the spigot.  More than 100,000 homeowners at one lender already have been told that their home-equity lines of […]