A reverse mortgage is a loan for homeowners typically age 62 or older. It allows you to convert some of the equity in your home into cash without having to sell the home or move out of it. A major benefit of a reverse mortgage is that it does not require that you make monthly […]
First-time buyers should research lenders carefully and understand what affects their mortgage rates. Some of the best mortgage lenders for first-time buyers include Better, Rocket Mortgage, New American, Wells Fargo, Chase, and Loan Depot.
A 5/1 ARM is an adjustable-rate mortgage. The rate remains the same for five years and can then move up or down once per year. Our picks for the best 5/1 adjustable-rate mortgages include Better, New American, SoFi, Guaranteed Rate, and Rocket Mortgage.