5 Things You Need to Know About Reverse Mortgages

senior couple with reverse mortgage house in background

Reverse mortgages are loan options that are available to seniors aged 62 or older. These types of mortgages can be used to pay off debt; pay living expenses, medical expenses, or home renovations; or purchase a home. For older clients, reverse mortgages make it possible to maintain a reasonable standard of living, even if they’re […]

5 Tips to Repairing Your Credit Score

man applying for home loans

In the United States, your credit score can be either a sign of responsible financial practices or a warning signal to creditors that you’ve not been so reliable with your payments. So what do you do after a financial crisis when you are ready to use your credit score toward a large loan? 1. Fix […]

Chris Lamm: Redding Mortgage Lender | June Market Update

Video Transcription “Hi! Chris Lamm with Commerce Home Mortgage. This is the Market Update for the month of June. Thank you guys for checking out this Market Update. I want to cover three topics. Of course, we always talk about mortgage rates and what they are doing. In the last seven or eight weeks, mortgage […]

5 Advantages of Homeownership

New Brick House with a Mortgage Loan

Homeownership has been a long-standing icon of the American dream. However, since the Great Recession of 2008, the number of renting households has steadily increased. As of the last report from the U.S. Census Bureau, owner-occupied housing is at 55.5 percent while renter-occupied housing is at 31.8 percent. Even so, the dream of homeownership is […]