by Steve G | Jul 20, 2023 | Housing
Many people mistakenly believe that peak fire season takes place during the hot summer. Contrary to popular belief, however, September and October are the most vulnerable months for wildfires, with peak fire season running from July-October. The autumn months are most...
by Steve G | Jun 27, 2023 | Finance, Retirement, Reverse Mortgage
The reverse mortgage products offered today provide multiple ways to access home equity and almost unlimited ways to use the funds. Here are eight of the most popular ways to use funds from a reverse mortgage: Paying off Debt Reverse mortgages can be used to pay off...
by Steve G | Jun 7, 2023 | Finance, Housing
Content contributed by Choose Reverse, NRMLA, Statista, Longbridge and FHA: Baby Boomers are sitting on trillions in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA). These homeowners are seeking different retirement solutions to...
by Steve G | Jun 1, 2023 | Finance, Housing
There has been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s home buyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than...
by Steve G | Jun 1, 2023 | Finance, Housing, Reverse Mortgage
By Matt Egan, CNN: Updated 2:07 PM EDT, Thu May 25, 2023, Image by: gpointstudio/iStockphoto/Getty Images/FILE CNN — In the latest sign of economic pessimism, Americans are growing increasingly concerned they won’t be able to retire comfortably, according to a...
by Steve G | May 19, 2023 | Finance, Reverse Mortgage
Home Equity Could Be Saving Grace for Struggling Retirees By Kristen Sieffert, May 16, 2023: Financial Freedom in Retirement So far, 2023 news headlines have been dominated by an erratic stock market, persistent inflation, economic uncertainty, and unidentified flying...
by Steve G | May 16, 2023 | Reverse Mortgage
From an article by Aly Yale. Updated on May 16, 2023 / Getty Images/iStockphoto / CBS News – There are multiple benefits to taking out a reverse mortgage. A reverse mortgage is a type of loan that pays you. Unlike a traditional mortgage, which requires you to...
by Steve G | May 15, 2023 | Housing
By Jann Swanson, Wed May 3 2023, 1:32 PM: While home prices continue to fall on an annual basis, new data from Black Knight indicates that the trend may not continue beyond the short term. The company’s March Mortgage Monitor shows its seasonally adjusted Home Price...