Maybe the nice folks over at FHA like listening to Dua Lipa songs… “I got new rules, I count ‘em” LOL But seriously… A new FHA guideline (effective Oct. 15th) makes it possible for seniors to get a reverse mortgage on their individual condo unit even if the building or association is not FHA approved!
2019 is shaping up to be another big year in multi-family lending. Freddie Mac is estimating loan volume will be up about 8% nationally. Here in New Orleans, we think it will be at least that much if not more. Here are a few tips to help you capitalize on this big opportunity: #1 –
When’s the last time you thought about retirement? Was it this morning on the way to work? The last time you received your financial statement? A recent study by Charles Schwab found that American’s believe they need around $1.7 million to retire. How does $1.7 million sound to you? Is that enough or just right?
Buying real estate in metro New Orleans isn’t as simple as it sounds. We’ve got old homes. Flooded homes. Renovated homes. Raised homes. That’s why we’ve learned after 25+ years in local real estate that you NEVER want to skip the inspection on a purchase transaction. And while you can read lots of rational lists
Make no mistake about it… our seniors are at risk when it comes to losing their money. And when it happens, it hurts. On average, seniors lose between $40k – $50k when they are the victims of abuse. Scammers, predatory lenders, caregivers & even family members are stealing money from seniors in record numbers.
Barry is gone. Luckily, most of the metro area was spared serious damage. Except for the early onset of “Hurricane Fatigue”. It started to set in over the weekend. You probably saw the Facebook memes like this: And this one Even Jim Cantori looked bored while standing in the Quarter. That’s hard to do. But
No Saints games yet. But there’s the beach! Our homes take a beating from the summer heat. Before you shell out $400+ or more on your power bills this summer, make sure you’re using these 5 tips to stay cool & save money: Tip #1: Fans, Fans & More Fans Fans are our best friends
Changing the mind of a senior is not an easy thing to do. They have strong beliefs. When those beliefs are founded on facts, seniors usually make good decisions. But sometimes, we find those beliefs are founded on the wrong information, and that can drive seniors to avoid things that may actually be able to
Ahhh celebrity realtors. We see them in magazines and on TV. They’re the ones with the BILLION dollar businesses. We don’t have many celebrity realtors here in metro New Orleans, so that made us wonder: How do these celebrity realtors develop such big businesses? And, is there anything they do that we should be doing?
News that impacts senior housing is BIG news in the real estate market. The Greatest Generation causes economic swings at every stage of their lives, and now that they’re entering the retirement years in droves, the housing market has taken notice. In our last newsletter, we covered a troubling (but real) trend of seniors taking