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What is a Reverse Mortgage?

What is a Reverse Mortgage?

The Definition of a Reverse Mortgage A “reverse mortgage” is a loan. This loan is like other home loans because homeowners can use the equity in their houses as collateral for the loan. This loan also allows the homeowners to keep the title to their...
What a Lien on a House Means

What a Lien on a House Means

A lien refers to a legal claim or right against a property. It provides security, allowing individuals or organizations to take property or other legal actions as a way of satisfying some debts. Usually, it is part of the public record, providing information about any...
A 401(k) May Not Be Enough For Retirement

A 401(k) May Not Be Enough For Retirement

Retirement planning is a complicated business. Generations ago, many workers entered retirement with a pension paid by their longtime employer. Later, 401(k) accounts emerged. These, too, are provided by employers.   401(k)s provide workers with a tax-advantaged...
Refinance Options Hit New Low in November 2020

Refinance Options Hit New Low in November 2020

Record-low interest rates have combined with a record-high housing demand to create a seller’s market that many have only envisioned. States that have a higher cost of living are seeing higher savings, but homeowners across the nation can benefit from this...