Tag: mortgage refinancing
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Roadmap: Is It Time to Transfer Your Deed to a Living Trust?
With a revocable trust (a.k.a. living trust), a deed holder may keep full control and use of a home for life. The creator (grantor) makes the trust for a beneficiary. A named trustee — and a named successor trustee to follow — will handle the assets owned by the trust on behalf of the beneficiary.…
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Are Risky Mortgages Making a Comeback? Here’s What We All Must Know.
Adjustable-rate mortgages (ARMs) can be helpful financial tools. They can also create trouble when the rate adjusts upward. Since the pandemic, adjustable-rate mortgage loans have seen a comeback. And some market watchers are becoming concerned. As one headline put the point this month: Adjustable-Rate Mortgages Caused Trouble in 2008. They’re Worrying Experts Again.
