Posts Tagged ‘Mortgages’
How Recent Changes to Credit Scoring Could Make Qualifying for a Mortgage Easier for More Buyers
If your recent mortgage application was rejected because your credit file is too thin or otherwise didn’t align with traditional credit scoring, now may be the time to reapply—this time with lenders using a new scoring model. According to some estimates, millions of potential borrowers may now be eligible when they weren’t before. That’s because…
Read MoreMillennials Are More Stressed About Their Mortgage Payments Than Any Other Generation
Buying a home is exciting, but for many millennials, it’s not all nesting and redecorating. In fact, a recent Hometap survey of 1,000 homeowners revealed that millennials are more stressed about paying their mortgages than any other generation. “Millennials have a lot on their cumulative financial plates—thanks to soaring home values and corresponding large mortgages.…
Read MoreHelping Your College-Bound Kids Head Back To School
Parents of college students headed back to campus might have some fundamental misunderstandings regarding their young adult’s mental health challenges, a new report said. About 1 in 5 college students reported that their mental health had declined since high school, according to the 2025 College Student and Graduate Behavioral Health Report issued by UnitedHealthcare. In…
Read MoreMillennials Are More Stressed About Their Mortgage Payments Than Any Other Generation
Buying a home is exciting, but for many millennials, it’s not all nesting and redecorating. In fact, a recent Hometap survey of 1,000 homeowners revealed that millennials are more stressed about paying their mortgages than any other generation. “Millennials have a lot on their cumulative financial plates—thanks to soaring home values and corresponding large mortgages.…
Read MoreEating By Day Might Cut Heart Health Risk To Night Shift Workers
Night shift workers might be able to protect their heart health by only eating during daylight hours, a new study says. Participants in an experiment experienced fewer heart health risk factors if they only ate during the daytime while working a night shift, researchers reported April 8 in the journal Nature Communications. “Our study controlled…
Read MoreHidden Costs of Aging in Place
A recent survey from the American Advisors Group found that 74% of adult children of baby boomer parents prefer that their parents retire and age in their own homes—this to relieve the financial and emotional pressures stemming from elder care and growing retirement insecurity. Staying in your home as you age allows you to stay…
Read MoreWhat Happens If I Have a Lien on My House?
A lien is not something many people are personally familiar with, yet it’s a term that all homebuyers, homeowners, and home sellers should know. A lien is a legal notice that’s placed on house as a consequence of an unpaid debt. If you haven’t paid your real estate taxes, for example, the government might impose…
Read MoreHow Reverse for Purchase can help baby boomer borrowers
Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. According to data from Statista,…
Read MoreVaping Rates Hit Record Lows for U.S. High School Students
Is vaping finally losing its coolness for American teens? The latest tally of federal data finds that 550,000 school kids, mostly high schoolers, quit using e-cigarettes in 2024. Vaping rates fell from 10% of high school students in 2023 to 7.8% this year, “reaching the lowest level ever measured” by the National Youth Tobacco Survey,…
Read MoreBaby boomers are most active in these housing markets
Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. “Retirement often…
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