The current state of our economy has undoubtedly raised concerns for many, especially for those considering purchasing a home. With fluctuating interest rates, inflation, and economic uncertainty, it's understandable that many potential buyers may feel hesitant or unsure about taking the next step. However, it’s important to remember that real estate is still one of the most reliable long-term investments, and there are ways to navigate these challenges successfully.
I Haven’t Applied for a Mortgage in 25 Years…Has a Lot Changed?
Posted by
Andy Fagervik on Jun 7, 2019 1:46:00 PM
You found your dream home, settled in, and suddenly, 25 years (or more) have passed! Your life is dramatically different now, and you want a home that reflects it. As any veteran homeowner knows, there’s one major obstacle standing between you and your dream home: applying for the mortgage. Don’t worry, though! It’s just like riding a bike—and you don’t even need a helmet.
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If you’re a senior looking to enjoy your next chapter, a Home Equity Conversion Loan (HECM) may be a great option to maintain your lifestyle and build the perfect home for your golden years! To help you understand whether the HECM option is right for you, we’ve compiled a brief summary of what you need to know.
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Topics: HECM Loan