Blog
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2020
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2020
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2020
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2020
9
2020
Amid the COVID-19 Pandemic, emergency rate cuts by the Federal Reserve have brought the federal funds rate to nearly zero. While not directly influenced by those cuts, mortgage rates for home buyers have followed a similar, downward trend and hover near historic lows. As applications for new mortgages and refinancing grow in response, homeowners with […]
19
2019
Retirement represents a major transition in a person’s life — one that comes with a lot of decisions. Chief among those may be the choice of where to live. While downsizing has been a common move for retirees in the past, many are now finding themselves “smart-sizing” instead. The concept of smart-sizing is about figuring […]
29
2019
The decision to make a Home Equity Conversion Mortgage (HECM) part of your retirement plan should not be taken lightly. It starts with determining whether it makes sense for your situation, and also includes sorting through choices such as lump sum or installment payments, and considering a traditional reverse mortgage versus a HECM for Purchase […]
24
2019
The Federal Housing Administration (FHA) recently updated its rules to make it easier for buyers and owners of condominium units to access FHA financing. The change, which went into effect earlier this month, opens up new possibilities for homebuyers and creates a new avenue for seniors interested in taking advantage of a Home Equity Conversion […]
17
2019
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 […]
10
2019
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 […]
