
Retire Right: Most Common Uses for a Reverse Mortgage
In general, I believe there are three primary categories of the ways that homeowners use a reverse mortgage: needs based, lifestyle based and planning based.
In general, I believe there are three primary categories of the ways that homeowners use a reverse mortgage: needs based, lifestyle based and planning based.
America’s love-hate relationship with credit is no new phenomenon. In fact, it began before the turn of the 20th century.
I have had clients in the past tell me that reverse mortgages are confusing, and I do not disagree, they certainly can be confusing.
U.S. mortgage rates fell to a four-month low last week, supporting more home purchases and refinancing.
When you retire, would you rather have $500K of home equity and no cash in the bank? Or would you rather have $500K of cash in the bank and no home equity?
One of the largest misconceptions with reverse mortgages is that the homeowner loses ownership of the home, and they cannot pass the home onto their heirs. That is simply not true, you still retain ownership, and you can absolutely still pass the home to your heirs in the future.
People ask me the question, are reverse mortgages expensive? I typically reply by asking the question, “compared to what”?
In one sentence, a HECM/Reverse Mortgage is a home equity loan that does not require traditional monthly payments.
An exceptional gift idea is helping your relative or loved one with an interest rate or mortgage buydown
Mortgage rates more than doubled in 2022, but good news made an appearance in November, a positive sign for those buying or refinancing a home.
Have you heard of a HECM loan? If not, let me share with you what it is and clarify if it is something you should consider.
The Bodner Team, in partnership with The Rueth Team, has announced its move to OneTrust Home Loans.
The Federal Reserve is raising interest rates yet again. Is there any silver lining to this increase? There’s one: savings accounts.
The housing market continues to be challenging for home buyers and sellers alike, especially in Boulder County where price increase and low inventory exceed national averages. Experts suggest patience and a knowledgeable Realtor help navigate these unprecedented market challenges.
Colorado homeowners receive an average home equity loan offer of nearly $130,000, which is the largest home equity loan offer in the U.S., according to analysis by LendingTree, an online loan marketplace.
Now that interest rates have risen from the 3.5% range to the 7% range, will home prices decline to balance out the purchasing power?
How can you tell if we are entering a recession or a simple market correction? Here’s what you need to know.
Given today’s market, is it better to wait to buy that new house, sidelining the lifestyle you crave, or is it financially wiser to take advantage of the equity you have now?
At the first sign of not being able to make the monthly mortgage payment, the homeowner should start out with contacting a real estate attorney, a Realtor®, and their mortgage lender to review all the options
At its core, a 2-1 buydown is a type of mortgage agreement between a home buyer and their lender. If it’s right for you, it could open up options and get you into your dream home.
Today’s market is tough on first time buyers. The inventory of homes and condos purchased by first-time buyers continues to be low, and along with inflation, home prices are being pushed upward in most markets.
Here are some tips from their mortgage team on buying a home in a tough market, what pre-planning steps you can take to streamline the process and mortgage options for prospective homebuyers who want to live the Colorado dream.
Thinking about pursuing the path to homeownership? With home prices steadily climbing, there’s a definite cost to waiting.
Homeowners have plenty of options when it comes to financing new kitchen remodel, spiffed-up bathroom design, new mud room or added wing.
The average interest rate on a 30-year mortgage is now 5.35 percent. That’s over two percentage points higher than at the beginning of 2022. These higher interest rates will undoubtedly change the home-buying scene as people weigh the costs of borrowing. But one constant is that the majority of new mortgages are of the 30-year fixed variety. Ever wonder why?