Mortgages

Your Money – Reverse Mortgages

September 02, 2017. Roberto Cruz

Retirement fantasies often involve world travel or golf somewhere warm. Unfortunately, as you approach retirement age, you may be less concerned with the fun stuff and more worried about how to afford it. A reverse mortgage can help you meet the financial demands of retirement by letting you cash in on the value of your…

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Mortgages

Explaining Mortgage Insurance

June 01, 2017. AAA Staff

Q. Can you explain mortgage insurance? A. Mortgage insurance, sometimes referred to as private mortgage insurance or PMI, protects lenders against borrowers who default on their loans. Any borrower who puts down less than 20 percent on a mortgage should expect to pay mortgage insurance, which is often paid on a monthly basis with other…

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