Senior citizens sometimes require extra income to supplement their social security, savings, and investments. Whether it’s for medical expenses, building savings, or to take up a new hobby, this extra income can be obtained through a reverse mortgage. As discussed in our previous blog post in this series, reverse mortgages offer a range of payout methods, including… Continue Reading Blog Series: Reverse Mortgage Payouts (Tenure Payment)
As we head towards June, summer is on our doorstep! With weather forecasters predicting a hotter-than-average summer for much of the country, and with the average household facing a $410 monthly electricity bill, lowering your air conditioning (AC) costs can provide major benefits for your finances. Here are some simple strategies to lower your AC… Continue Reading How to Lower Your Summer Air Conditioning Costs While Staying Cool
With Americans living longer than ever, it’s harder for seniors to remain financially stable while extending their savings. This is causing many seniors to delay retirement so they can work more years. Others are downsizing their homes or turning to family for assistance. Fortunately, there’s a solution that can help seniors build savings, prepare for… Continue Reading Blog Series: Reverse Mortgage Payouts (Line of Credit)
Those looking for a low to no down payment mortgage have options. From VA loans to HomeReady Loans to loans only available via the state, there are many different mortgages available for those who do not have the traditional 20% down payment. The most common of these home loans is the FHA loan, backed by… Continue Reading Loan Comparison: How USDA Loans Measure Up to FHA Loans
April was another busy month in the mortgage industry. Here are some recent articles, highlights and homeowner tips: Two Blockbuster Months In A Row Signal Steaming Home Market Pending sales, which are home purchase transactions in which a buyer has signed a contract, reached their best two-month total since April and May of 2016. Key… Continue Reading Mortgage Industry Highlights – April 2017
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