3 Ways An HECM Reverse Mortgage Can Benefit You With The New Spending Limits.
HECMs (Home Equity Conversion Mortgage), are the most popular reverse mortgage program there is. It is insured by the Federal Housing Administration (FHA) and may have several benefits to you if you meet the age requirement of 62 and own your home. These mortgages are not new by any means. Did you know the first
Your Flood Insurance Premium Could Skyrocket in October
Over the years, we’ve always taken pride in giving you the facts and avoiding fear mongering. That said, this news is a bit scary. FEMA has announced new rates for flood insurance which will be effective October 1, 2021. Risk Rating 2.0, as FEMA is calling it, will likely result in drastic increases in flood
We spend our whole lives trying to accumulate net worth. And for many people reaching retirement, a significant portion of their net worth is tied to their home equity. But is this still the best way to go? Should seniors be looking to protect their home equity? Or is it a good idea to tap
Is the FIRE Movement a real thing? Here’s what your clients are thinking
The American Dream is changing. It used to be: get a job or start a business. Work hard until you reach 65, then retire. Not anymore. These days, an increasing number of seniors have a new idea in mind: FIRE Or what’s called the “Fire Movement”: Financial Independence, Retire Early. Is FIRE a Real Thing?
Summer 2021 is still a good time to buy real estate
Maybe I’m dating myself a little bit, but I’ve been humming this one in my head the last few weeks. After a rough year and a half of feeling locked up, the freedom of summer never felt better. If you’ve been out and about at all, you can see that people are EVERYWHERE. People are
I’ve got a feeling we’re not in Kansas anymore…
Like Dorothy in the Wizard of Oz, it feels like we landed somewhere else over the last year… Some experienced the bleak landscape of Dorothy’s dusty Kansas through the global pandemic. Yet at the same time, the COVID twister introduced homeowners and investors to a whole new magical world… Following the yellow brick road took
Reverse mortgages have fallen victim to negative perceptions for years. It’s understandable. The early days of reverse had many of us believing that the benefit of a reverse mortgage was only for seniors who were struggling with finances and needed a quick way to get cash. But those days are long gone. Now, we’re seeing
Check out the recent Redfin article we were featured in: 7 Real Estate Investing Tips for Aspiring Investors Investing in real estate can be a great way to build wealth and generate passive income. However, if you’re a budding real estate investor, you might be overwhelmed by the amount of information on how to get
It’s official. Mortgage rates have officially hit bottom and begun climbing back up. The refi boom has just about run its course. Quite honestly, we’re looking forward to the change. While we’ve enjoyed helping many homeowners score the interest rate of their dreams, our focus has never shifted away from servicing our Realtor and builder
A year after the onset of COVID, we are just beginning to understand the economic and social impact on many areas of our lives. One of those areas involves seniors, their relationships to their homes, and their expectations & ability to fund retirement. The impacts are reported in a recently completed survey of 1,500 American