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Children of Senior Homeowners

As a child of a senior homeowner, you have a growing concern about your parents as they age. One issue is that the configuration of your parents’ home may no longer meet their needs at this stage in their lives. So what are your alternatives? Your parents could move in with you, but that may… Continue reading Children of Senior Homeowners

Why is it Called a “Reverse Mortgage”?

Let’s examine exactly what the term reverse mortgage means and how it works differently from a traditional mortgage. When you make a payment on your traditional mortgage, the balance goes down up an infinitely small amount each month. But with the reverse mortgage, you don’t need to make a principal and interest payment, so each… Continue reading Why is it Called a “Reverse Mortgage”?

Real Estate Professionals

Financial Planning Professionals

Mortgage Rates are Up

What are Closing Costs?

What Are the Closing Costs for Buying a Home?If you are in the market to purchase a home, you may be wondering who pays for closing costs.Typically, buyers and sellers each pay their own closing costs. Oddly enough It can change bycounty … by tradition not rules! Buyer’s Closing CostsWhen you buy a home there… Continue reading What are Closing Costs?

How do Mortgage Rates Work?

How Do Mortgage Rates Work? You may be wondering how mortgage rates are decided. Obviously, you want to make surethat you get the lowest rate possible, but how are mortgage rates determined, and what can youdo to make sure you have a low rate? There are several outside factors that affect how mortgage rates are… Continue reading How do Mortgage Rates Work?

You do Not Need 20% Down to Buy a Home

You Don’t Need 20% Down To Buy A Home It seems like you’ve been trying for years to save enough money for a down paymentfor a home. You’ve cut corners, taken lunches to work and yet, home prices continue torise and your dream of owning a home seems out of reach. Guess what? Maybe you… Continue reading You do Not Need 20% Down to Buy a Home

Expanded Conforming vs Jumbo Loans

Is an Expanded Conforming Loan a Better Option Than aJumbo Loan? If you’re looking to buy in an area where home prices are a bit higher, you might need a slightlybigger mortgage loan to make your homeownership dreams come true. There are jumbo loans,but these often come with stricter guidelines and a higher down payment.… Continue reading Expanded Conforming vs Jumbo Loans

How to use a Gift for a Down Payment

How to Use Gift Money for Your Down Payment You can use gift money from a family member for a down payment on your house.Whether you have been saving for a while to buy a home or are just wondering howmuch is enough for a down payment, you may be able to use gift funds… Continue reading How to use a Gift for a Down Payment

Before you Buy a Home – Check your Credit

Pay attention to credit Before You Buy a Home 5 things you should do before you get serious. Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be.Five simple things you should do before you buy a home. Tip Number One: Know your credit score –… Continue reading Before you Buy a Home – Check your Credit

Is 2022 the Year to Buy a Home?