by Landmark Mortgage | Mar 31, 2020 | Home Loans, Home Remodeling
Nearly four centuries ago, in 1626, Dutchman Peter Minuit managed to buy the island of Manhattan for $24 – which in today’s market is likely to be only enough cash to buy two fine cocktails in an upscale bar in New York City proper. Yet, statisticians and...
by Landmark Mortgage | Mar 21, 2020 | Home Affordable Refinance Program, Home Loans, Interest Only loans, Refinance Mortgage
For many families, money is tight right now. Tighter than it has been in quite a while. Some families have one or more members out of work. Some are single-income households facing quite a bit of uncertainty in the days ahead. Whatever your struggle, for most...
by Landmark Mortgage | Mar 11, 2020 | Home Loans, Reverse Mortgages
Reverse mortgages offer homeowners, aged 62 and over, the promise of extracting the equity from their homes while enjoying the benefit of continuing to live in their homes. It’s an attractive offer that often appears too good to be true. But in the right...
by Landmark Mortgage | Mar 7, 2020 | Home Loans, House Renting
We have become a society where calling for a ride-share is more convenient than driving. Where having groceries or dinner delivered is a preferable choice to shopping or cooking. Where some would rather lease a car than buy. This thought process has spread to living...
by Landmark Mortgage | Feb 27, 2020 | Uncategorized
If you’re like many investors today, you’re not getting excited over meager returns from CDs and remain concerned about future inflation, which could wreck bond investments. That leaves investments that insulate or protect you from inflation and the chaos it can cause...
by Landmark Mortgage | Feb 24, 2020 | Home Equity Loans
Real estate appreciates over time. Consider the fact that Dutchman Peter Minuit sold the island of Manhattan for the rock bottom price tag of $24 nearly 400 years ago (in 1626), which, in 2014 dollars, is now estimated to exceed $1.7 trillion in 2014 dollars,...
by Landmark Mortgage | Feb 20, 2020 | Uncategorized
In 2009, the Federal Government was eager to discover how to help homeowners stay in their homes. They created the Making Home Affordable program to do just that. Several operations fell beneath that umbrella including: Home Affordable Modification Program (HAMP)....
by Landmark Mortgage | Feb 14, 2020 | Asset Depletion Loans, Home Equity Loans
There is a new kid in town when it comes to mortgage loans. One that allows retirees and others to use the power of your assets rather than your income to qualify for a mortgage loan. Investopedia describes asset-based lending as the loaning of money based on a...
by Landmark Mortgage | Jan 28, 2020 | FHA Jumbo Loans
Housing prices rise and fall over time. When this happens, the Federal Housing Administration (FHA) along with the Federal Housing Finance Agency (FHFA) establishes new limits for conforming loans as well as FHA loans. When housing costs and home values rise, the loan...
by Landmark Mortgage | Jan 21, 2020 | Fixed Rate Loans
One of the most common types of mortgage loans is the fixed-rate loan. This term refers to the interest rate on the loan being set or the lifetime of the loan. As a home buyer, it’s important to know what all of your options are when it comes to selecting a...
