Advantages and disadvantages of having a mortgage
To mortgage or not to mortgage? Here’s what to consider.
6 min read
Jun 27, 2024
Peter G. Miller is a contributing writer at Bankrate. Peter writes about mortgage rates and home buying.
To mortgage or not to mortgage? Here’s what to consider.
In short, without guaranteed mortgages, there would be a lot fewer home sales.
Imagine a mortgage with a fixed interest rate, but a monthly payment that varies.
For borrowers with credit dings or unusual financials, manual underwriting can be key.
Have credit issues in your past? You still might qualify for a home loan.
If the title search uncovers an issue, there can be considerable legal costs.
Is a reverse mortgage right for you?