Is It Time to Buy a Fixer-Upper?
Thursday, 02 June 2022
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
- Published in Loans
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Addressing the Elephant in the Room
Wednesday, 25 May 2022
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
- Published in Loans
Turning a Reverse Mortgage into an Investment Tool
Monday, 25 April 2022
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
- Published in Reverse Mortgage
Homeowners: NOW is the Time to Sell
Wednesday, 16 March 2022
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
- Published in Homebuyer
Realtors: How Can You Avoid Buyer Burnout?
Wednesday, 16 March 2022
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
- Published in Mortgage
4 Tips for Seniors Planning for Retirement
Wednesday, 16 March 2022
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.
- Published in Reverse Mortgage
This Little-Known Home Financing Tool May Be The Best for Senior Homebuyers
Friday, 18 February 2022
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:
- Published in Reverse Mortgage
2022’s Loan Limit Increase on Reverse Mortgages and Its Potential Impact
Monday, 10 January 2022
For the fifth year in a row, the Federal Housing Administration (FHA) is increasing its loan limits; this time, to $970,000 for reverse mortgages in the new year. The proposed increase will reflect on areas that typically have higher-than-average home values. In the public statement above, the average home value, in this case, would surpass
- Published in Loans
Study Shows Affluent Seniors Love Reverse Mortgages
Tuesday, 21 December 2021
Reverse mortgages give affluent seniors important financial options when it comes to tapping into the equity in their homes. But what kind of seniors value this flexibility the most? Those counting their pennies? Or those seniors considered “affluent” with a significant net worth? A recent study published in the Journal of Financial Planning has surprising
- Published in Reverse Mortgage
New Year, New Goals, Bigger Loans in 2022
Monday, 13 December 2021
If you’re like me, you’ll be looking forward to a little rest and relaxation time this holiday season. Everyone I know in the real estate space has been working long hours to help clients buy, sell or refinance property this year. While celebrating records or personal bests are fun, this is the time of year
- Published in Loans