Tag: Real Estate Finance
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The Fair Credit Reporting Act: Behind the Scenes When You Acquire a Deed
Getting a deed often depends on a credit report. That’s because credit history is essential to the outcome of a mortgage application. Wrong or breached data can lead to denied loans and other negative effects, like higher mortgage interest rates. There is some good news for an applicant who’s turned down. The applicant must be…
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What’s a “Scratch and Dent” Mortgage?
Last year, mortgage lending slowed to a crawl. So, the lending industry had some extra time on its hands. Fannie Mae and Freddie Mac took advantage of some of that extra time to go over the loans they purchased in the sizzling hot market of 2020-21. During those frenzied months, underwriters were under pressure to…
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Unlocking Your Home’s Equity Without Selling: A Guide for Retirees
Options at Retirement Age and Earlier The closer we get to retirement age, the more we start thinking about how to avoid pulling from our retirement accounts too early or too much. For many homeowners, home equity is starting to look like a key retirement planning resource. What’s the best way to tap into it?…
