Security 1st Mortgage

Here’s more information and explanation on how a reverse mortgage works.

The FHA’s reverse mortgage program, called The Home Equity Conversion Mortgage (HECM) is a program that allows qualified seniors to get a loan against some of the equity in their home. Despite what lender is used, HECMs have the same interest-rates, although the closing costs and servicing fees will be different with each lender. Reverse Mortgage loans conform to the usual HUD standards  and they are considered to be totally safe. read more »

…but don’t be fooled. It’s not the same song and dance from a few years ago. Mortgage companies aren’t as carefree about who they’ll extend credit to.  Now, in most cases, you’ll need all of your paperwork, a solid credit score, and a job with a verifiable income.

Acquiring your own dwelling is the greatest American dream. Many Americans work hard to realize this dream. Those that are able to realize this dream find it very advantageous. read more »

An individual’s home is the biggest asset that one has at his disposal. A home to back you up when you need a loan is one of the greatest advantages of home ownership. In recent years, there has been a major boom in the amount of people looking to use their homes as a way to get access to extra money when they need it most. One of the best ways to do this is through a second mortgage. read more »

Homeowners who are planning to re-finance their home may find the Internet to be a very worthwhile resource. The Internet is useful because it can give the homeowner a wealth of information as well as the ability to compare different rates from different lenders at their convenience. read more »

Owning a house is the Greatest American Dream. Additionally, having a house to save you from monetary needs adds up to the benefits of owning the greatest American dream. read more »

By Megan Cherry

So you have finally purchased that 19th century farm house that you have always pictured yourself living in the problem is how do you finance the restoration? It is easy to get mortgages for the value of the home even a little extra if you have a good credit rating but today a renovation can cost more than the original purchase price of the property. read more »

by Teve Torbes

When is it worth it to refinance your house? This guide will take you through a couple of the points you’ll need to know about when you’re trying to decide whether to refinance your mortgage or not. read more »