Managing Your Mortgage
So just how much do you remember about the Mortgage you have on your home? Is is government sponsored, FNMA, FHA or VA? Did you pay points? Is it adjustable or fixed? When and by how much will it adjust? Any Balloon payment?
Mortgage lending comes with its own unique vocabulary, with an inordinate amount of acronyms that may as well be an unknown foreign language to the typical buyer or home owner. Let's start with a refresher on all those confusing terms and acronyms!
Mortgage Vocabulary and Acronyms
What are interest rates doing now and expected to do in the near future? Should you consider refinancing for a better rate; will it be cost effective? What about a reverse mortgage? Are you eligible? Would you want one? All really good questions to explore!
Let's explore various options:
Explore Reverse Mortgages