Melanie Sedam A maximum loan amount describes the total amount that an applicant is authorized to borrow. Maximum loan amounts are used for standard loans, credit cards, and line-of-credit accounts. Key Takeaways * A maximum loan amount describes the total sum that one is authorized to borrow on a line of credit, credit card, personal…
Tag: Dollars and Sense
.
Robson Ranch Views is sponsored by Vavada online casino (Вавада). When you sign up through the link you will receive a 100 freespins welcome bonus.
. Vavada официальный сайтFeatures, October 2020
Dollars and Sense: Refinancing Your Home
If you are interested in borrowing against your home’s available equity, you have choices. One option would be to refinance and get cash out. Another option would be to take out a home equity line of credit (HELOC). Here are some of the key differences between a cash-out refinance and a home equity line of…
Features, September 2020
Dollars and Sense: What Is A Stated Income Loan?
In the past, stated income mortgages were home loans that did not require income verification or documentation. Lenders just needed a borrower’s stated income—hence the name “stated income” loans. Unfortunately, these risky loan types contributed to the 2008 housing market crash, and banks stopped issuing stated income loans as a result. This prevented banks from selling…
Sports, August 2020
Dollars and Sense: How A Cash-Out Refinance for Home Improvement Works
Looking to make some major home improvements? Have you considered a cash-out refinance on your existing home? Refinancing is a low-interest way to get tax-free cash for remodeling your kitchen, building a pool in the backyard, etc—or anything you choose to do. Let’s look at an example. Say you bought your home for $450,000, but…
Features, July 2020
Dollars and Sense: Reverse Mortgages (Part 5)
The Paseo Financial Group Recently, the Consumer Finance Protection Bureau put together a report to examine the reverse mortgage industry. This report concluded that the following groups of seniors were most likely to benefit from obtaining a reverse mortgage: * Those looking to supplement a fixed income in retirement. * Those who need a home…
Features, June 2020
Dollars and Sense: Reverse Mortgages (Part Four)
The Paseo Financial Group There are three major fees that borrowers must pay. Most are similar to those paid on a forward mortgage. These are the upfront fees that you will need to pay: Origination fee paid to the lender. This is government regulated and ranges from a minimum of $2,500 to a maximum of $6,000,…
Features, February 2020
Dollars & Sense: The Paseo Financial GroupMortgage Rates Have Dropped to Historic Lows
Melanie Sedam Mortgage rates have dropped to levels not seen since 2016, and homeowners are rushing to refinance. You can benefit even if you don’t cut your rate by a full percentage point – a rule of thumb you can safely ignore. The question is whether you will stay in your home long enough to…
Features, December 2019
Dollars and Sense: Paseo Financial Group – Taking A Reverse Mortgage, Counseling Comes First
Reverse mortgages can help you stay in your home and even add to your monthly income. All you need is to be over 62 years of age and have enough equity in your home. Before you can take a HUD backed home equity conversion mortgage (HECM) reverse mortgage, you will need to go through a…
Features, September 2019
Dollars and Sense: The Paseo Financial Group Mortgage vs. no mortgage
A recent survey, using public records, was conducted by a major title company looking to determine how many homeowners in the 55+ communities owned their home free and clear and had no current mortgage payment. The results were startlingly low. Here are the results: Sun City West: Out of 18,218 homes, only 1,139 homes were…
August 2016
Dollars and Sense
Newly single? Keystone Law Firm offers five financial protection strategies to help When you find yourself newly-single again, there are so many emotions and concerns to consider. Your financial health could be flung into your face or if it hasn’t been, you could be thinking of many other things instead. Unfortunately, during these times, regardless…