Home Ownership

Dec. 26, 2017

Federal Reserve Interest Rates are Moving Up - How About Mortgages?

This week, for the third this year, the Feds have raised interest rates - this time it was for 0.25 percent. Based on what we are hearing from mortgage lenders, the current 30 year rate is sitting around 3.93 percent right now.

Historically, according to Mortgage Bankers Association, the ...

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Posted in Home Ownership
Nov. 28, 2017

Downsizing to a Smaller Home: Would it Work for You?

Downsizing to a smaller home is not without its challenges. Big regrets can become a reality if you don’t weigh your options carefully.

Good candidates for downsizing are people who have a home that no longer meets their needs. It could be that one has a home with all the ...

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Posted in Home Ownership
Oct. 17, 2017

Reverse Mortgages: Tips & Info for Homeowners

For a vast majority of older homeowners, their home is their largest asset. A home equity conversion mortgage (HECM)—also known as a reverse mortgage—enables owners to access home equity and turn it into cash. Payments are tax-free and can be set up as needed, as a lump sum, or ...

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Posted in Home Ownership