What is a Home Equity Conversion Mortgage?
A Home Equity Conversion Mortgage (HECM) is a type of mortgage that is insured by the Federal Housing Administration (FHA) and was passed by Ronald… Read More
Author Archives: Jennifer Chu
How Your Credit Score Affects Your Mortgage Rate
Buying a home involves numerous steps that can make the whole process extremely wearing. Choosing to work on your credit is as vital as… Read More
How Much Can You Be Saving From A Refinance?
Americans are averaging a mortgage debt of $201,811 across the country according to a recent report by Experian. Many will argue… Read More
Reverse Mortgage vs. Cash Out Refinance
There are many differences between a reverse mortgage and a cash out refinance. While both programs use home equity to get cash back, the reverse… Read More
What is a Jumbo Loan?
A jumbo loan is exactly what it sounds like. It’s a loan that exceeds conventional loan (ex: 30-Year and 15-Year fixed rate… Read More
