Home Loans

How a Reverse Mortgage Can Help You in Retirement

Posted by:

There are few terms in the finance industry more reviled in the minds of the public than reverse mortgage. However, as is often the case in the world of finance, long-held perceptions and biases are not always reflective of the financial reality of today’s economy and, as a result, can be counter-productive. Regardless of what you think you know about reverse mortgages, and barring some new revolutionary change in the world of retirement income sources, these products will ... Continue Reading →
0

Is a reverse mortgage right for you…for retirees worried about running out of money it might be the smart thing to do.

Posted by:

If you are starting to seriously think about retirement, as both my wife Melanie and I are, and meeting with your financial advisor on at minimum a semi-annual basis to fine tune and review your custom-tailored retirement plan, part of that discussion should be the Reverse Mortgage Refinance, if you plan to retire in the home you currently live in or a Reverse Mortgage Purchase, if you plan on selling your existing home and buying a retirement property somewhere. Reverse Mortgage ... Continue Reading →
0

How to Properly Negotiate a Request for Repairs (CAR-RR) While In Escrow

Posted by:

Most potential buyers believe the toughest part of purchasing a home is negotiating the purchase price (offers, counter offers, etc.) and other terms associated with purchase contract (CAR-RPA) (COE date, Seller paid closing costs, Home Warranty, Escrow/Title, etc.). By that point, buyers tend to think that the fight is over and the rest of the escrow period should be “smooth sailing” the close of escrow. The reality, though, is that the fight has just begun.  The knock out round starts right ... Continue Reading →
0

POST “CLOSE-OF-ESCROW” MORTEM DEPRESSION HOW TO AVOID IT

Posted by:

You’ve just gotten your keys to your new dream home, you’ve moved in, and then XXXX hit’s the fan.  The water heater blows up; the air conditioning stops working on the hottest day of the year; the roof leaks in the first rain in months; there’s an invasion of ants bigger than the mass exodus from Egypt. Here are some things you can do to avoid a costly post-closing catastrophe.
  1. Look at the listing language.Some properties are listed for sale ...
Continue Reading →
0