Why seniors are quickly turning to reverse mortgages since COVID
Lost jobs, furloughs & businesses closing have dominated the news when it comes to COVID. Retirement accounts & investment portfolios have also been hit hard, leaving many seniors wondering what they can do to survive the crisis. Most financial advisors agree that taking money out of retirement accounts during a down market is not the
3 Changes to the Real Estate Market in the Post-COVID World
We’re almost 90 days into the COVID crisis and the end is nowhere in sight. The new normal may be here to stay. At least for the foreseeable future. This isn’t necessarily bad news for the real estate market. The last 2-3 months have produced a record number of transactions as people capitalized on low
Providing meals for busy local front line nurses & medical workers
Doctors, nurses and other medical professionals are our “front line” in the fight against COVID-19. They put themselves at risk each day working directly with patients in need of medical care. Mortgage lenders are also considered Essential Businesses as Critical Financial Services Firms. However, we have been fortunate in that technology has allowed us to
Virtual Mortgages from America’s Mortgage Resource
We’re New Orleanians. And we love high fives, handshakes and hugs as much as anybody. Our favorite part of being mortgage lenders is meeting with clients to talk about their dreams and figuring out how to make them a reality. Sadly, right now it’s best NOT to meet with people directly. There’s no high fives,
Is there anything in the $2 Trillion dollar stimulus package which provides help for real estate agents? Here is a preliminary roundup & summary of information courtesy of Bob Bergeron at Crescent Title. Point #1: Do Real Estate Agents DO Qualify A concern among real estate agents has been their self-employed, independent contractor status. However,
Updated: 3-24-2020 As a Critical Financial Services Firm, America’s Mortgage Resource remains open to serve our clients & referral partners. Continual changes to interest rates & guidelines make it vitally important to stay in touch with clients and referral partners right now. Fortunately, our technology allows us to do a great deal of mortgage work
When’s the last time you checked in with your clients about their retirement income needs? Recent studies show today’s seniors face rising costs for medication & in-home care as well as increased pressure from family members for financial help. Instead of tapping into retirement funds to get cash, a reverse mortgage could be just the
Dixie Beer Brewery was a New Orleans staple from 1907 until Hurricane Katrina hit in 2005. After the storm and resulting flood, the brewery was closed and forced to move brewing out of state. It’s a story locals know all too well. But just like Hubig’s Pies and other local NOLA brands we love, Dixie
Do you have potential clients who seem a bit too content with renting? Maybe they’re afraid they won’t quality or can’t come up with a down payment? Whatever the reason, it’s always a good idea to share with them the current state of the rental market and the low/no-down payment programs available to first-time homebuyers.
Realtors: Can you live with a 1.6% increase in your business this year? If not, read this.
January usually brings a healthy dose of hope & optimism about the year ahead. And let’s face it, everyone wants to close more business than last year. Whatever your goals are for 2020, if you are a local, metro New Orleans based real estate agent, the market is NOT going to hand them to you.