Nesconset Mortgage, Refinance, and Home Equity Advice

What is a reverse loan?

After paying to live in your home for years, wouldn't it be nice if the home started paying you? Reverse mortgages enable homeowners 62 and older to convert part of their home equity into tax-free income. The lender provides income to the homeowner in one...

By Trulia | 21 Comments

Mortgage terms a to z

The world of mortgage finance is fraught with jargon—some of it legalistic, some from the banking industry, some from Wall Street, and much of it from the offices of real estate brokers and appraisers. Here we attempt to demystify at least one term for...

By Trulia | 6 Comments

The moving parts of an ARM

Adjustable Rate Mortgages, or ARMs, got a bad name in the housing crisis that culminated around 2005. Inherently, an ARM is neither a good nor a bad thing—just a legitimate financial instrument that can be used or abused, like a bottle of wine or a sportsmans...

By Trulia | 15 Comments