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Why Your Mortgage Servicer Might Change

Many homeowners are surprised to receive a letter stating that their mortgage servicer has changed. Financial institutions that issue mortgages are permitted to sell loans or to transfer the rights to service mortgages to other financial institutions without borrowers’ consent. That doesn’t mean the homeowner has done anything wrong or that there is anything to worry about. read more…

How Does a Reverse Mortgage Work?

A reverse mortgage is a loan designed to help older homeowners access home equity while using their house as collateral. This can provide financial flexibility and security in retirement, but it’s important to understand the terms. read more…