Cenlar FSB, short for Central Loan Administration and Reporting, is a major player in the mortgage servicing industry. They’ve been around for over a century, with roots tracing back to Centennial Savings and Loan Association (founded in 1912) and Larson Mortgage Company (founded in 1958). These two merged in 1984, eventually becoming Cenlar FSB in … Read more
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Are you dreaming of retiring from work at 55? Imagine the freedom and flexibility it could bring. In this article, we’ll explore steps and strategies to make this dream a reality. From maximizing contributions and diversifying your portfolio, to exploring retirement accounts and other income sources, we’ll guide you through essential considerations. We’ll also discuss … Read more
Are you ready to take on the riskiest financial move of your life? Brace yourself for the top 10 risks of reverse mortgage. It’s not all sunshine and rainbows, my friend. With high upfront costs, the potential for negative equity, and the risk of foreclosure, you might want to think twice before diving into this … Read more
Are you thinking about getting a reverse mortgage? Before you decide, it’s crucial to understand the potential risks and drawbacks involved. In this article, we’ll explore the reasons why you should avoid a reverse mortgage. While it may seem like a tempting way to supplement your retirement income, there are pitfalls you need to be … Read more