Last month, we covered how reverse mortgages have quickly become reliable tools for the new wave of ‘pandemic retirees’ who qualify and look to age in place in their homes. This month, we cover the age-old question of reverse mortgages: When do they make sense? Whether you’re looking for guidance for a client – or
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,
  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
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
This Unexpected Group Is Boosting the Post-COVID Housing Market
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
2021’s Meager Social Security COLA Increases Financial Strain on Retirees
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
3 Ways to Fund (Pandemic-Ravaged) Retirement Savings Using Home Equity
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
3 unexpected silver linings from COVID mean good news for real estate
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
sold family home
  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
Is a Pandemic a Good Time to Buy a Home?
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