Reverse mortgage vs. home equity loan or HELOC

Reverse mortgage vs. home equity loan or HELOC

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 …

Read more

Is the Guild 1% Down mortgage right for you?

Is the Guild 1% Down mortgage right for you?

Guild Mortgage Annual Percentage Rate (APR) Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans Terms Credit needed 540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Nontraditional credit options …

Read more

Is Rocket Mortgage’s ONE+ home loan worth it?

Is Rocket Mortgage’s ONE+ home loan worth it?

Rocket Mortgage‘s ONE+ home loan allows eligible homebuyers to put as little as 1% down. We took a look at the features, advantages and potential risks of the ONE+ mortgage and compared it to other low down-payment alternatives. Compare offers to find the right mortgage How ONE+ by Rocket Mortgage …

Read more