A commonly used interest rate index officially ends on June 30, 2023. If you have an adjustable-rate loan, you might receive a notice from your lender or servicer about switching to another index. Here’s what that means for you.
If you have an adjustable-rate mortgage, reverse mortgage, HELOC, student loan, or credit card, your interest rate may be based on the LIBOR index, which is being discontinued. Here’s how to stay vigilant of changes to your index.
The federal foreclosure moratoria are set to expire July 31st, and lenders and mortgage servicers can start foreclosing on homes as soon as August 1st. Homeowners who are behind on their mortgages must act now to save their homes.
As a result of the economic uncertainty caused by the COVID-19 pandemic, scammers may be targeting older homeowners through reverse mortgage schemes. Learn how to spot and avoid these reverse mortgage scams.
We released several new resources to help older homeowners decide whether to borrow a reverse mortgage.
