You may be familiar with the Home Equity Conversion Mortgage (HECM), or reverse mortgage program, which allows homeowners over age 62 to stay in their current homes while drawing on the equity. But did you know you can also use a HECM to buy a new home? For seniors looking to right-size or relocate in […]
A home inspection is critical to the home-buying process, and most lenders require one before loan origination. Even if your lender doesn’t require an inspection or you are purchasing a new build, an inspection is a small investment that can save you time, money and peace of mind in the long run. In fact, homebuyers […]
If you are retired or approaching retirement, you may find that a fixed income is not always enough to cover your expenses and maintain your desired lifestyle. Fortunately, there are other options to help you bring in extra money. One option is getting a roommate. A home equity conversion mortgage (HECM), also known as a […]
In 2018 investment activity in the home buying market reached an all-time high, making up more than 11.3 percent of all sales according to CoreLogic, Inc. Many of these investors were individuals in the early stages of building their portfolio. Buying your first investment property can be a daunting task, especially if you plan to […]
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