If you want to buy a home but you’re concerned about your credit score or credit history, we can help you understand your choices.
While married couples make up the majority of home buyers, single women make up the next biggest segment of home buyers and outpace single men more than two to one. Whether you are buying your home on your own or with a partner, we have resources to help you make your move to home ownership this year.
Your down payment will affect not just how much money you need to bring to closing, but also how much your mortgage will cost overall. Read on to find out what to consider when deciding your down payment.
Key things to keep in mind when you use a mortgage calculator to calculate your monthly mortgage payment.
At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves disclosure forms; another part is giving you comprehensive and trustworthy resources to guide you through the mortgage process.
Today, we released a Report to Congress on reverse mortgages. Our Office of Older Americans is dedicated to protecting this population. In that effort we have taken a special look at one financial product only sold to them: reverse mortgages.
A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes. They require no monthly mortgage payments, but borrowers are still responsible for property taxes and homeowner’s insurance.