Blog

Apr 9 2020
three people going over a document

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 […]

Jan 21 2020
couple packing

Retirement-age baby boomers have recently been shifting the tides of the real estate market in what’s become known as The Silver Tsunami. Increasingly interested in downsizing, empty nesters are selling their single-family homes and embracing the amenities that condos offer. Here are some core reasons behind this new trend that’s been sweeping across the country: […]

Jan 14 2020
couple reading a document
Home Equity Conversion Mortgages (HECM), also known as reverse mortgages, are an attractive tool for retirees looking to secure their financial future. Repayment of the loan is deferred so long as the homeowner, or non-borrowing spouse is alive, uses the home as their primary residence, pays relevant property taxes, insures the home, and maintains it […]
Jan 3 2020
people celebrating
Resolution season is here. After shaking off the indulgences of the last couple of months, many of us look to capitalize on fresh motivation to pursue a new set of goals. Or at least a second chance at completing unfinished plans from the previous year. In any event, homeowners over the age of 62 may […]
Nov 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 […]

Oct 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 […]

Oct 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 […]

Sep 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 […]

Sep 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 […]
Aug 27 2019
Older couple

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 […]