Reverse mortgage options

Leveraging Home Equity in Retirement: The Advantage of HECMs Over HELOCs

For seniors aged 62 and over, managing cash flow in retirement can be challenging. While Home Equity Lines of Credit (HELOCs) are a well-known method for leveraging home equity, they may not be the best choice for older homeowners due to their variable payment schedules and potential for payment spikes. Instead, reverse mortgages, especially the Home Equity Conversion Mortgage (HECM), offer a more suitable alternative.

Leveraging Home Equity in Retirement: The Advantage of HECMs Over HELOCs Read More »

Imagine Become a 1st Time Homebuyer and Investor in One Swoop

Imagine owning a multi-family home, living in one unit, and having the other units pay your mortgage. Sounds like a distant dream, right? Not anymore! Here’s a game-changer: Fannie Mae has just made it incredibly easier for you. Previously, buying a multi-unit home required a hefty 15%-25% down payment. But now, hold onto your hats,

Imagine Become a 1st Time Homebuyer and Investor in One Swoop Read More »

Mortgage Market News

Uncertainty surrounding the debt ceiling caused volatility in the markets, while inflation was hotter than expected in April. Tight supply continues to be a key factor impacting home sales. Here are the headlines. Better Progress to Come on Inflation The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation increased 0.4% in

Mortgage Market News Read More »

Property Tax and Understanding Prop 19 Rules in California: What Property Owners Need to Know

Prop 19 has brought significant changes to property tax rules in California. If you’re a property owner in the state, it’s essential to understand what these changes mean for you. In this blog post, we’ll break down Prop 19 rules, including property tax transfers, inherited property rules, and the parent-child exclusion. We’ll also explore how these changes could impact your property taxes and what you need to know to stay compliant.

Property Tax and Understanding Prop 19 Rules in California: What Property Owners Need to Know Read More »