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Retirement News, Financing Retirement, Reverse Mortgage Facts

Breaking Down the Reverse Mortgage: Are You Sitting on the Secret to Retirement Success?

“In proportion as he simplifies his life, the laws of the universe will appear less complex, and solitude will not be solitude, nor poverty poverty, nor weakness weakness.” - Henry David Thoreau

On July 12th, we observe National Simplicity Day, honoring the life and philosophies of poet Henry David Thoreau who advocated for a simpler way of life. What a great time to step back and focus on eliminating unnecessary burdens and complexity in our increasingly busy lives!

Retirement News, Financing Retirement, Home Purchase, Retirement Planning, Reverse Mortgage Facts

Reverse Mortgage for Purchase: Your Strategic Advantage in Today’s Competitive Home Buying Market

Home prices are soaring across the U.S., and unfortunately for homebuyers, so are mortgage rates. The result: homeownership is less affordable. The Wall Street Journal recently reported that the median sales price for existing single-family homes jumped almost 16% in the first quarter of 2022 compared to the same period last year. Concurrently, the average for a 30-year fixed-rate mortgage rose from 3.1% at the end of 2021 to 5.1% by April 2022 — nearly the highest in over a decade.

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