Whew, glad 2020 is over. What’s ahead for 2021 in NOLA Real Estate?
Wednesday, 13 January 2021
This year we REALLY celebrated the beginning of a New Year, even without fireworks in the French Quarter. Yes, 2020 is finally behind us. But are the real estate market conditions created in 2020 staying put despite the calendar change, or will 2021 be a year of change? Here are 3 key areas we’re watching,
- Published in Loans
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A Safety Net for Pandemic Retirees Aging in Place
Monday, 21 December 2020
COVID has put life transitions on the fast track for many Americans over the last 9 months. Millennials – once reluctant homebuyers – are now making purchases in waves thanks to historically low mortgage rates and low housing inventory. Recent trends also indicate a surge of early retirement among seniors, as businesses close or
- Published in Reverse Mortgage
The best gift you can give for Christmas in 2020 – Getting Pre-Approved
Thursday, 10 December 2020
We’re all ready to put 2020 in the rear view mirror. And while there are lots of things we’ll say goodbye to, others will outstay their welcome into next year and beyond. Masks, hand sanitizer and… bidding wars on houses? Bidding wars in metro New Orleans? They’ve already started. Housing experts say it will be
- Published in Mortgage
This Unexpected Group Is Boosting the Post-COVID Housing Market
Monday, 16 November 2020
Millennials are labeled a lot of things. Entitled, assertive, frank, picky, socially conscious, choosy consumers, achievement-driven, masters of work-life balance, tech-savvy, foodies, impatient, and intellectual, to name a few. But there’s one label in particular they’re about to lose since the onset of the pandemic and its overhaul of Americans’ lifestyles – perpetual renter. Eight
- Published in Loans
2021’s Meager Social Security COLA Increases Financial Strain on Retirees
Monday, 09 November 2020
Think about how much a couple of pizzas runs these days. Probably about $20. As long as you don’t order extra toppings. That’s the same amount the Social Security Administration will raise its monthly stipend for beneficiaries beginning in January 2021. It’s the annual Cost of Living Adjustment, or COLA. And if you’re thinking it
- Published in Reverse Mortgage
3 Ways to Fund (Pandemic-Ravaged) Retirement Savings Using Home Equity
Friday, 02 October 2020
If you or your client are at retirement age or within a few years of retiring and don’t have enough saved, what’s the back-up plan? Most Americans are going to need one, according to the numbers. It’s a finding that’s doubly true now that the pandemic has wreaked havoc on many Americans’ retirement accounts. Reasonable
- Published in Reverse Mortgage
3 unexpected silver linings from COVID mean good news for real estate
Monday, 28 September 2020
We won’t sugarcoat things. The Pandemic has been rough on all of us. However, when something major changes in society, there are almost always “corrections” which take place to offset them. In the lending world – when delinquency gets too high – lenders tighten their guidelines. Remember 2007? Leading into COVID, American’s were struggling to
- Published in Tips
How to make sure your offer has the best chance of being accepted
Friday, 14 August 2020
Nobody hates “mortgage-ese” more than us. But today, we’re making an exception. The real estate market is incredibly competitive right now. Homes are selling within days or even HOURS of being listed. Sellers are getting multiple offers (they’ve got choices). Buyers are putting in multiple offers (just in case). But here’s the problem… potential
- Published in Mortgage
Is a Pandemic a Good Time to Buy a Home?
Thursday, 16 July 2020
Thinking about buying a home, vacation property or rental, but just not sure what COVID has in store for the rest of 2020? Is NOW, with all this uncertainty, a good time to buy? The answer is – it depends. If you don’t feel good about the future of your job or business, then now
Seniors May Be Under-Preparing for Healthcare Costs in Retirement
Monday, 06 July 2020
A new study from Medical Alert Buyer’s Guide – and covered recently by Forbes and Reverse Mortgage Daily – found that many seniors may be routinely under-preparing for their healthcare costs as they move further into retirement. The study surveyed 1,006 people who had yet to retire aiming to gauge their expectations of retired life
- Published in Financial