Buying a home amid economic uncertainty? These alternative mortgages can help

[ad_1] Americans don’t feel great about the economy right now — mortgage rates are on the rise again, as is the cost of gas and there were more job cuts in January than there had been since January 2009, the tail end of the Great Recession. The prospect of buying a home amid all of this can … Read more

Reverse mortgage vs. home equity loan or HELOC

[ad_1] Reverse mortgages, home equity loans, and HELOCs are all ways homeowners can tap into the value of their homes for cash.  That means the financing for these loans is secured by the home, so rates are typically lower than for other types of debt. However, the bank could force you into foreclosure if you … Read more