Mortgage

Using Home Equity Conversion Mortgages (HECM) in the USA

Interest rates continue to remain low for those wishing to finance a new home or refinance their existing property. According to bankrate.com, the current average for a thirty year fixed mortgage is 3.57% for a new loan and 3.65% for a refinance. Rates for a fifteen-year fixed mortgage and a 5/1 adjustable rate mortgage average 2.93%. …

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Mortgage Protection Life Insurance: Money Better Spent Elsewhere

So, you have just bought your first home and now the applications start arriving in the mail for something called mortgage protection insurance. You look over the applications, all of which are claiming how critical it is for you to protect yourself and your loved ones with their mortgage protection policy. You are thinking is …

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