by Steve G | Nov 3, 2023 | Finance, Housing, Retirement, Reverse Mortgage
Undertaking unexpected home maintenance and renovation projects in retirement could negatively impact seniors’ budgets. More homeowners are turning to home equity lending — especially home equity lines of credit (HELOCs) and home equity conversion mortgages (HECMs) —... 
by Steve G | Oct 18, 2023 | Finance, Housing
Monday, October 16, 2023 Have you ever considered adding an additional living unit on your property, or purchasing a home with an existing additional unit? These types of properties are popular for generating revenue from both short-term and long-term rental. ... 
by Steve G | Oct 13, 2023 | Finance, Housing, Reverse Mortgage
Several factors determine how much money you can borrow through a reverse mortgage. Those factors include your age, the interest rate offered, the home’s value, and how much equity you have in the home. A reverse mortgage calculator will estimate how much money is... 
by Steve G | Oct 6, 2023 | Housing, Reverse Mortgage
Modern reverse mortgages are designed to maintain a substantial amount of equity in the home. In most situations home equity also continues to grow over time as the home’s value increases. It is important to know your options at the end of a reverse mortgage. There... 
by Steve G | Sep 29, 2023 | Finance, Housing, Reverse Mortgage
Qualifying for a reverse mortgage requires far less documentation and fewer credit conditions than a forward mortgage. However, there are a few important requirements that must be met. Important Requirements: Borrowers in most states must be 55 years or older. Ages... 
by Steve G | Sep 1, 2023 | Finance, Housing
Here is a common scenario…. You were wise enough to finance/refinance back when rates were at historic lows. A brilliant move! But now you need access to funds for something important, like a home renovation, college tuition, or paying-off high-interest credit card...
