Monthly Archives: August 2017

LA Program Funds Homeowners Who Shelter the Homeless

California’s homelessness crisis in continuously rising. To address this issue, the City of Los Angeles is coming up with a pilot program to curb the number of homeless people in the county. The program includes providing a handful of homeowners with the necessary funding to build accessory dwelling units for the homeless right in their […]

Taking out a Reverse Mortgage? You Might Want to Read CFPB’s Warning.

The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits. In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the costs of using a reverse mortgage exceed the total amount of Social Security benefits […]

Factors You Need To Look Into If You Plan To Refinance Your Mortgage

Refinancing home mortgages have been gaining popularity among homeowners. While mortgage rates continue to rise, it’s not surprising to get tempted to refinance a mortgage at some point. But then this move is only beneficial for certain situations. Before making a decision, it’s important to consider a few things. You need to ask yourself if your current […]