Reverse mortgages are a controversial topic, but the most troubling thing about them might be the fast-growing default rate.
A large-sounding settlement against mortgage lenders actually amounts to less than $900 per borrower, meaning it is better to protect your rights up front.
Sequestration, the latest budget crisis, could help keep mortgage rates low a little longer, but not without cost to the housing market.
Mortgage rates took an unexpected turn by rising in January, which could widen differences in mortgage quotes from different lenders.
As a reaction to the housing crisis, new guidelines will cut down on risk-taking in mortgage lending. But the measures are designed to help protect individual borrowers and the economy as well.
Previously on Expert Opinion
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