What Are the Closing Costs for Buying a Home? If you are in the market to purchase a home, you may be wondering who pays for closing costs. Typically, buyers and sellers each pay their own closing costs. Oddly enough It can change by county … by tradition not rules! Buyer’s Closing Costs When you… Continue reading What are Closing Costs?

Let’s examine exactly what the term reverse mortgage means and how it works differently from a traditional mortgage. When you make a payment on your traditional mortgage, the balance goes down up an infinitely small amount each month. But with the reverse mortgage, you don’t need to make a principal and interest payment, so each… Continue reading Why is it Called a “Reverse Mortgage”?