It doesn’t matter what word you use to describe today’s economy… the fact is, money has gotten tight for many seniors. Almost every client who calls in right now is feeling the pinch, whether it’s in the cost of groceries, gas, utilities or all the other things in our life which suddenly cost more. If
For years, reverse mortgages have not had the best reputation. It’s understandable, given that the early days of reverse mortgages left many believing that the only people who could benefit from them were seniors struggling with their finances. However, times have changed, and reverse mortgages are now a valuable tool. Reverse mortgages can be an
5 Homebuying & Mortgage Tips for Retirees
For retired seniors, the process of buying a new home can seem overwhelming, even if they’ve done it once or twice before. The priorities change in lenders’ eyes, and retirees may find themselves having more difficulty getting approved because their income isn’t high enough for them. They often face challenges when trying to buy a
Buying a “move-in ready” home these days is not as simple as it used to be. Sellers are fielding multiple offers on almost every listing and usually getting topdollar. Even if you sell your home for a great price, you still become a buyer on the next transaction. So how do you find a great
Summer is finally here. And since summer is when many people take a bit of a breather, I thought it would be a good time to address the elephant in the room: Affordability While our seller’s market seems to be cooling just a bit, we’re seeing the combination of inflation, rising prices, rising insurance and
Turning a Reverse Mortgage into an Investment Tool
There’s a lot of talk about reverse mortgages and for good reason. They can be powerful tools for seniors looking to access their home equity in retirement. According to an article published by Nasdaq, financial advisors believe that seniors can also prepare for their future with reverse mortgages. But it’s important to understand how reverse
Homeowners: NOW is the Time to Sell
If you’re even THINKING about selling your home, now may be the time to pull the trigger. Our local NOLA real estate market is unlike anything I’ve ever experienced, and I’ve been writing loans for a long time. Housing inventory is non-existent. Buyers are competing with other offers on many homes. That means top dollar
Realtors: How Can You Avoid Buyer Burnout?
Our real estate colleagues face a serious challenge in today’s market: buyer burnout. It’s something I’ve never seen before here in NOLA, and I’ve been writing loans for a long time. Housing inventory is non-existent. Buyers are competing with other offers on many homes. Their bids are often not accepted. They’re frustrated. Many are just
4 Tips for Seniors Planning for Retirement
The decade before retirement can matter more to retirement success than any other time. With good planning, there is still time for seniors to accumulate money for retirement, especially for those who started saving later in life. Here are some steps to help seniors get their affairs in order to plan a comfortable retirement: 1.
This Little-Known Home Financing Tool May Be The Best for Senior Homebuyers
Most seniors have heard about reverse mortgages and their benefits. But did you know that a Reverse Mortgage can also be a powerful financial tool for buying a new home? Traditional reverse mortgages have grown popular over the past several years, but there is a specific kind of reverse mortgage that has gained popularity recently:
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