One of the largest challenges that I have found for homeowners who want to rightsize (upgrading, downsizing or making a strategic move in real estate), is coming up with the down payment for the new home.
Hard money is short-term financing, not your 30-year home mortgage. So why would you want to use hard money?
I recently spoke to a financial advisor about a client’s retirement plan that I wanted to share with you. The situation is such that the client is getting ready to retire and he was looking at ways to reduce his expenses to ensure that his retirement income and his retirement accounts would be set up in a way that he would be able to meet all his financial obligations and still be able to have some fun in retirement.
As the market evolves, it will be crucial to monitor how these factors continue to shape the real estate landscape and whether a new equilibrium emerges in the coming months.
Your financial professionals can help you decide if you want your mortgage loan paid
off at retirement or if any of these other ideas work for you.