Portable Mortgages Explained: Can You Keep Your Low Rate When You Move?
Portable Mortgages Explained: Can You Keep Your Low Rate When You Move? If you’ve ever thought, “There’s no way I’m giving up my 2 or 3 percent mortgage rate,” you’re not alone. A recent proposal would let homeowners transfer their existing mortgage rate to a new home instead of taking a brand new loan at […]
Breaking: What a 50-Year Mortgage Would Mean for You, and Better Ways to Fix Housing Affordability
Breaking: What a 50-Year Mortgage Would Mean for You, and Better Ways to Fix Housing Affordability A federal proposal would allow mortgages with a 50-year term instead of the traditional 30-year term. On the surface it looks simple: stretch the loan out, lower the monthly payment, and make homeownership feel more affordable. But you should […]