Posts Tagged ‘mutual of omaha’
HECM vs HELOC: What’s The Difference, And Which Makes More Sense For You?
There are several ways to use the equity you’ve built in your home, but figuring out which option is best for you isn’t always simple. In this blog, we’ll explain HECM vs HELOC as simply as possible. You’ll learn how each option works, what makes them different, and which may be a better fit for…
Read MoreBig Shift in Mortgage Lending: What Realtors Need to Know About the New Credit Scoring Update
There’s a major change in the world of mortgage lending—and it could open doors for millions of homebuyers. The Federal Housing Finance Agency (FHFA) now allows lenders to use VantageScore (not just FICO!) when evaluating borrowers for Fannie Mae and Freddie Mac loans. This shift is a total game-changer for credit accessibility and could significantly…
Read MoreFound Your Next Home but Haven’t Sold Yet? This Loan Solves That
Are you eyeing your dream home but haven’t listed your current home yet? If you’re like many homeowners stuck in this common dilemma, a Bridge-To-Sale Loan might be the key to unlocking your next move without the stress of selling first. What Is a Bridge-To-Sale Loan? A Bridge-To-Sale Loan is a short-term financing tool designed…
Read MoreHow Rising Insurance Rates Are Pushing Seniors Out of Their Homes—And What Can Be Done About It
In the wake of increased wildfire activity across California, many insurance providers have significantly raised premiums—particularly in higher-risk areas like Bakersfield and surrounding Central Valley regions. For older homeowners on fixed incomes, this spike in property insurance rates has created a harsh financial reality: maintaining their homes has simply become too expensive. This crisis is…
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