Save Big Money by Accelerating Your Mortgage Payments

If you take a full 30 years to pay off your mortgage, you will pay an enormous amount of interest. But you can shrink that interest expense by making extra payments. Here’s what you need to know about accelerating your mortgage payments. Pay early and often Unlike some other consumer credit accounts

Qualified Versus Nonqualified Mortgages

If you’re shopping for a home loan, you may hear references to both qualified and nonqualified mortgages. What are these loans, and how do they differ? Qualified vs. nonqualified A qualified mortgage meets certain standards designed to protect borrowers by increasing the likelihood they will be able

Celebrating 50 Years: The Community Development Block Grant Program

An ambitious federal program that improves the lives of low-income communities has reached an auspicious milestone: 2024 marks the 50th anniversary of creating the Community Development Block Grant (CDBG) program. Goals of the program The CDBG’s goal since 1974 has been to provide funds for housing,