Mortgages

"Redlining" is the practice of banks or mortgage companies selectively offering credit based on an applicant's race, color, sex, religion or national origin. Redlining was once a common practice in Delaware and other states, but it is now prohibited by Federal law....

Homeowners in Delaware who are thinking about taking out a reverse mortgage home loan may have a few different options available to them. The most popular reverse mortgage loan is the home equity conversion mortgage, or HECM. This type of loan tends to have the lowest...

People who are planning to purchase homes in Delaware may be pleased to learn that mortgage rates are at historically low levels. On July 30, the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, released a report about mortgage rates called the...

Many people in Delaware paying more than they have to for their home mortgage, according to a report from Black Knight Financial Services. The report looked at data from May 2015 and found that 6.5 million mortgage borrowers could qualify for lower mortgage payments...

Reverse mortgages offer a number of potential benefits for homeowners. Some wealth managers claim that by allowing senior citizens to generate supplementary income, these loans may be able to supplant traditional investment alternatives, like home equity lines of...

People in Delaware who are in the market for a new home may be happy to learn that mortgage rates have been going down nationwide. After average long-term mortgage rates rose for three weeks in a row, they went down at the end of May. On May 21, Freddie Mac reported...

There are several things that can happen that may lead to problems with a mortgage at the last minute when a person is trying to purchase real estate. It is important that people who are interested in engaging in a real estate transaction understand the issues that...

Delaware residents might be interested in learning more about different strategies homeowners have successfully employed to obtain a more favorable deal on their mortgage. Acquiring a mortgage to purchase or refinance a home is typically the biggest financial decision...

Delaware homeowners may be confused about how mortgage loans, liens and property titles work. For example, many people view mortgages as loans made to facilitate the purchase of real estate. However, a mortgage is not technically a loan. Rather, it is an interest in...

As mortgage rates remain low, Delaware homeowners may be considering refinancing. There are several factors that weigh into the decision to refinance including timing, whether the mortgage has been refinanced in the past and the homeowner's financial status. Experts...