Reese and Kyle Rademacher weren’t sure how they would afford a down payment to buy a home until their real-estate agent mentioned an offbeat idea: crowdfund the money from friends and family. Mrs. Rademacher,
Unlike a traditional home loan, with a reverse mortgage the borrower doesn’t have to make monthly payments. The lender doesn’t collect until the homeowner moves, sells or dies. When the home is sold, equity
Subprime mortgages have been rebranded, and demand is growing. Will that result in another recession? A little more than a decade ago the economy collapsed, and at the center of that collapse was the mortgage.
The primary source of information about mortgages, as with most subjects today, is the Internet, with 24 percent of borrowers researching mortgages on various sites. However, just 2 percent of borrowers