With interest rates at historical lows, many homeowners are considering the benefits of refinancing their mortgages. While lowering your monthly payments can be appealing, restarting a 30-year mortgage could increase the total interest you’ll pay over a lifetime. On the other hand, refinancing to a shorter-term, 15- or 20-year loan could actually save you money… Continue Reading Refinancing Can Offer a Shortcut to Paying off Your Mortgage
The fall season is quickly approaching, and shifts in temperatures and weather patterns come along with it. Now is the time to weatherproof your home for a comfortable autumn and winter. Prepare to combat cold temperatures As things begin to cool down outdoors, it’s important to make sure your home will keep you warm. Ensure… Continue Reading Welcome Fall with These Tips to Protect your Home
A home equity conversion mortgage (HECM), or reverse mortgage, can be a valuable tool for seniors in retirement. A HECM enables homeowners 62 years of age or older to tap into their homes’ equity in the form of a one-time or monthly cash disbursements. If you’re considering pursuing a reverse mortgage, completing a self-evaluation is a… Continue Reading Considering a Reverse Mortgage? Start with a Self Evaluation.
Just because your retirement has arrived doesn’t mean you’re out of time to find new opportunities to better your financial future. If your retirement plans include an active lifestyle and an interest in diversifying your asset portfolio, one tool at your disposal could be worth considering. Using a HECM for Purchase to buy a 2-4… Continue Reading Maximize your HECM for Purchase with a Multi-Family Property
With mortgage rates at historic lows, the Federal Reserve recently cutting the funds rate for the first time in a decade, and more rate cuts expected as soon as this month, many homeowners can now benefit from refinancing. But how do you know if refinancing your mortgage is the right move? We’ve put together five… Continue Reading Five Rules for a Rewarding Refinance