by sgomes | Sep 29, 2023 | Housing, Reverse Mortgage
Modern reverse mortgages are designed from inception to maintain a substantial amount of equity in the home. In most situations home equity also continues to grow over time as the home’s value increases. It is important to know your options at the end of a reverse...
by sgomes | Sep 22, 2023 | Home Equity, Mortgage Rates
A home equity loan and a home equity line of credit (HELOC) are both types of loans that are secured by a borrower’s home. However, there are some key differences between a home equity loan and a HELOC. A home equity loan is a fixed-term loan that is granted by a...
by sgomes | Aug 25, 2023 | Economy, Housing
According to a recent report by the California Association of REALTORS® (C.A.R.), the California housing market is showing signs of stabilization. Despite rising interest rates, the demand for California housing remains resilient, and the market continues to be...
by sgomes | Jul 20, 2023 | Housing
Many people mistakenly believe that peak fire season takes place during the hot summer. Contrary to popular belief, however, September and October are the most vulnerable months for wildfires, with peak fire season running from July-October. The autumn months are most...
by sgomes | Jun 8, 2023 | Housing, Reverse Mortgage
Content contributed by Choose Reverse, NRMLA, Statista, Longbridge and FHA: Baby Boomers are sitting on trillions in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA). These homeowners are seeking different retirement solutions to...
by sgomes | Jun 2, 2023 | Mortgage Rates
By: Matthew Graham, Wed, May 31 2023, 4:43 PM: After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week. As bond markets improved this afternoon, many lenders were able to make mid-day adjustments. ...
by sgomes | May 26, 2023 | Housing
Research provided by Point2: Living in the city can have many perks, but the opportunity to become a homeowner is not one of them for many renters and home seekers. However, living in the suburbs can make your homeownership dream come true. The prices of homes for...
by sgomes | May 24, 2023 | Housing
New Home Sales exceed expectations again as existing home inventory continues to lag. By Arnie Aurellano While residential resales remain underwhelming, deals for new residences continue to surge, with sales for new single-family homes rising to a 13-month high in...
by sgomes | May 16, 2023 | Reverse Mortgage
From an article by Aly Yale. Updated on May 16, 2023 / Getty Images/iStockphoto / CBS News – There are multiple benefits to taking out a reverse mortgage. Here are the top four ways a reverse mortgage can help you: A reverse mortgage is a type of loan that pays you....
by sgomes | May 15, 2023 | Mortgage Rates
By: Jann Swanson, Wed May 10, 2023, 8:24 AM: The volume of mortgage applications increased last week for both home purchases and refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 6.3 percent on a...
