So you’re considering a Home Equity Conversion Mortgage, aka. HECM, and may be wondering if you qualify, or what you might do with the money. A trip to Tahiti? Pay off debt? Last time we discussed the fundamentals of a HECM, and how it compares to a traditional mortgage. In this second installment, we’ll get […]
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In this series, we’ll be exploring the ins and outs of a Home Equity Conversion Mortgage, or HECM as the pros call it. Find out how it compares to a traditional mortgage, how to qualify, and the benefits of going this route. From application to closing, learn how to make your homework for you, and […]
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An increasing number of retirees and Baby Boomers are choosing to spend their retirement years outside of the U.S, and Canada with its natural beauty, and national healthcare system, is also one of the happiest countries to live according to the United Nations. As with any big move, relocating will require research to navigate the […]
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Buying a home is a very big deal. It is also a very risky venture especially you don’t ask the right questions. Real estate agents are bound by law to answer honestly. So, when you are considering buying a home, make sure you have a prepared list of questions. Here are some questions you can […]
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I confess that I’m guilty of typical “single girl” habits like eating ice cream out of the carton (on the couch), dancing to my playlist of guilty pleasure tunes, and while I don’t own a cat, my golden retriever is the love of my life. Sure, having a man in my life someday would be […]
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Many baby boomers and empty nesters prefer the idea of “aging in place” versus selling and find this phase in life to be the perfect opportunity to fulfill their home improvement goals. From installing a pool to turning the basement into a man cave, homeowners planning to turn their home into the ultimate retirement retreat […]
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You’re 62 and have substantial equity in your home to tap into, but may be wondering where to go from here? Once you’ve satisfied the eligibility requirements for a HECM and found a lender that will help set your financial goals into action, it’s time to apply for your loan. We’ve learned how a Home […]
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Owning a home has been the gold standard when it comes to defining stability, and financial success, however for baby boomers, and retirees, renting has become the growing trend for practicality, and affordability. By 2030, one out of every five Americans will be 65 or older according to the Federal Administration on Aging, and this […]
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