Browsing Tag

home equity

Industry News Mortgage Advice

Why the 2022-2023 Recession Will Be Different Than 2008

on
September 21, 2022

“It’s not a matter of if a recession is going to happen, it’s a matter of when it’s going to happen.”

With inflation at a record high, mortgage rates…

Mortgage Advice

5 Smart Ways to Build Home Equity

on
October 24, 2018

There are two types of people in the housing world: those who own their home, and those who rent. While each may be paying similar monthly costs in a…

Mortgage Advice

Is Private Mortgage Insurance a Bad Thing?

on
October 29, 2015

As we have mentioned in a previous blog post, private mortgage insurance (PMI) is very similar to property insurance. However, instead of protecting the homeowner against damage done to…

Mortgage Advice

How Does a Reverse Mortgage Work?

on
October 25, 2013

This is a guest blog post from John McParland, vice president of Colonial Mortgage, a division of Ross Mortgage Corporation located in Livonia, MI.

In my last blog post, “How to…

Mortgage Advice

How to Use a Reverse Mortgage to Your Benefit

on
October 11, 2013

This is a guest blog post from John McParland, vice president of Colonial Mortgage, a division of Ross Mortgage Corporation located in Livonia, MI.

What if instead of paying your…