In an effort to boost the home equity conversion mortgage for Purchase program, a Florida trade association recently formed to educate Realtors and other professionals about this frequently overlooked. Is it logical-or even possible-for a 69-year-old to get a mortgage? a prospective home-buyer wonders in a recent Wall Street Journal column.
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Survey: Mortgage Applicants Prefer Loan Officers to Online Forms Mortgage Masters Group In a BCG survey of recent homebuyers, 79% said they would consider completing the entire loan application process online by themselves in the future.viii A separate survey of lenders confirmed the same, with 81% saying that borrowers prefer online loan.
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An Adjustable-rate mortgage (ARM) is a mortgage in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Also called a variable-rate mortgage.
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