If you own your own home and are 62 years of age or older, you may be able to leverage the equity in your home through a reverse mortgage, or home equity conversion mortgage (HECM). These mortgage…
5 Requirements of Reverse Mortgage
5 Ways to Avoid Foreclosure
Once you move into your new home, you will want to make sure that you do nothing that could result in the loss of your home. Make all payments on time If you are having a dispute…
What is a Good Faith Estimate
What is a Good Faith Estimate In the loan application process, the loan originator (your lender or broker) at your local Choice Lending Corp office in Downey will need a few items from you. They will ask…
What Can You Afford and What You Can Preapprove For
What Can You Afford? To determine how much you can afford, you first need to know your monthly income. Second, you will need to calculate your monthly expenses which may include credit card bills, car payments, insurance…
5 Things to Consider Before Shopping for Your Home
Are You Ready to Buy a House? A home may be the most expensive purchase you will ever make. Before you make a commitment, make sure you are ready. Avoid the pressure to buy a home you…
