5 Types of Mortgage Loans
If you’re like most people, you’ll need to take out a mortgage to buy a home. According to the US Census Bureau, 94% of people who bought…
Today’s Mortgage Rates & Trends, May 9, 2022
Average 30- and 15-year mortgage rates climbed back toward their recent peaks, the latest in a series of up-and-down swings. The average on a conventional 30-year fixed…
Best Ways To Use a HELOC
If you’re looking for flexible funding, you can tap into your home equity with a home equity line of credit (HELOC). A HELOC is a revolving line…
Is a Reverse Mortgage a Ripoff?
Reverse mortgages are special types of loans that give older homeowners a way to turn their home equity into a source of income they can use during…
What Is an Enhanced Life Estate Deed?
Key Takeaways An enhanced life estate deed transfers ownership of property after the owner’s death without the necessity for probate. The owner retains control of the property…
What Is the Fair Housing Act?
Definition and Example of the Fair Housing Act The Fair Housing Act is a law enacted in 1968 and has been updated several times since its inception….
What Is Elder Law?
Key Takeaways Elder law is a field of law that focuses on legal issues that affect older individuals. Major areas of elder law include disability and special-needs…
Power of Attorney Duties After the Principal’s Death
You can’t get a power of attorney to act for someone after they have died, and an existing power of attorney becomes invalid upon the death of…
What Are Fungible Investments?
Key Takeaways Fungible investments can be bought and sold on different exchanges. Fungible trading works when you can buy/sell on one exchange, and sell/buy on another exchange,…
HELOC Pros and Cons
HELOC Home Equity Loan Secured by your home equity Secured by your home equity Low interest rates Low interest rates Usually variable rate Variable or fixed rate…