Blog

Aug 29 2019

Summertime is the busy season for homebuyers. Families, especially, are eager to make the transition to a new home between school years to simplify the process and minimize the disruption for their children.   But what about shoppers without children? Is summer still the ideal time of year to find a new house? If school schedules… Continue Reading Dual Income, No kids? Summer is Ending, but your Home Buying Season is Heating Up

Aug 27 2019

Since its establishment in the 1980s, the Home Equity Conversion Mortgage (HECM), or reverse mortgage, has helped more than 1 million seniors supplement their financial planning after the age of 62.  A HECM allows eligible borrowers to access their home’s equity without having to sell, leave the home, or make monthly payments. Thanks to enhancements… Continue Reading Responsibilities and Protections are Key to a Successful Reverse Mortgage

Aug 22 2019

With mortgage interest rates at historic lows, a new generation of homebuyers is looking to buy their first homes. While many of these buyers have substantial, reliable income, they may also be facing significant student debt and lack the cash for a traditional down payment. While several mortgage options may fit their needs, a new… Continue Reading Wealth Builder Program Places Emphasis on Equity

Aug 20 2019

At its July meeting a few weeks ago, the Federal Reserve lowered the federal funds rate for the first time in a decade. The quarter-point cut, intended to offset early signs of a slowing economy, brings the federal funds rate down to just 2 percent. While the rate cut impacts financial institutions more directly than… Continue Reading Federal Reserve’s Rate Cut Continues Trend of Strong Borrowing Power

Aug 15 2019

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… Continue Reading Start Making Your HECM for Purchase Plan Now

Aug 13 2019

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… Continue Reading Save Money With a Home Inspector You Can Trust

Aug 8 2019

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… Continue Reading How a HECM Loan Can Help You Earn Supplemental Income in Retirement

Aug 5 2019

As you determine the budget for your home purchase,  you may have factored in your monthly mortgage payments, PMI, and homeowners insurance, but there is another important element to keep in mind: property taxes.  How your tax bill is determined A tax assessor may use several factors to determine a property’s taxable value, including comparable… Continue Reading Understanding Your Property Tax Bill Before You Buy

Aug 1 2019

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… Continue Reading Meeting the Mortgage Requirements for an Investment Property