The FTC has issued a public warning against malicious email attacks by hackers, also known as phishers, who can lure buyers into wiring their down payment money into a wrong account. In the 21st century, information is king.Data is a weapon that can be used to gain profit or spread influence. That is why corporations, government entities, and especially criminals … [Read more...] about How to Secure Yourself from Phishers
What is a Reverse Mortgage?
A reverse mortgage, while a controversial loan product, can be a great financial tool for retiring seniors and homeowners. For many seniors who might benefit and qualify for a reverse mortgage, the loan program remains a mystery. Their understanding might only come from a rumor, an infomercial, or from knowledge of old programs that existed during the sub-prime lending … [Read more...] about What is a Reverse Mortgage?
Mortgage-As-A-Service: A Fast Pass to Mortgage Digital Transformation
With companies like Amazon and Uber setting up the standards and the norms of user experience online, lenders and realtors of the mortgage industry are pressured to keep up with the pace and deliver the same ease and familiarity provided by these digital platforms.But the question is: Is there such as thing as a fast pass? Welcoming digital … [Read more...] about Mortgage-As-A-Service: A Fast Pass to Mortgage Digital Transformation
Retirement Talk: Should You Pay Off or Keep Your Mortgage
Imagining a work-free, debt-free retirement gives you a warm feeling of relief. Indeed, it’s a dream for many to retire without continually worrying about monthly mortgage payments. But does this default preference always end well for our retirees?According to the Federal Reserve Survey of Consumer Finances, 32 percent of households aged 65 to 74 carry a mortgage debt, … [Read more...] about Retirement Talk: Should You Pay Off or Keep Your Mortgage
Can You Get a Mortgage in the US as a Non-Citizen
What are the steps that you need to take in order to get a mortgage for a home purchase in the United States if you are a non-citizen? Whether it is due to strict laws in your country of birth or you’re taken aback by the whole “build a wall” rhetoric, chances are you immediately assumed that buying and owning a home in the US is next to impossible.Ask again.Though it … [Read more...] about Can You Get a Mortgage in the US as a Non-Citizen