by Racheli Refael | Mar 16, 2022 | Mortagage Tips
Many people dream of retiring one day, and there are numerous assets that contribute to that retirement goal. Social security, pension plans, and savings accounts have traditionally provided assets people use to enjoy their retirement; however, this traditional plan...
by Racheli Refael | Dec 23, 2021 | Mortgage
Equity is a powerful tool. As homeowners pay off the mortgage, the amount of equity in the house grows. As the house appreciates in value, homeowners accrue even more equity. Then, homeowners can tap into this equity for a variety of purposes. What are a few of the...
by Racheli Refael | Jan 16, 2020 | Mortgage
Anyone who has paid attention to the TV recently has likely seen a lot of commercials for something called a reverse mortgage. For those who might not know, a reverse mortgage is exactly that. In this option, people receive monthly payments from a lender in exchange...
by Racheli Refael | Nov 6, 2019 | Mortgage
Most people can’t pay for a home outright, so they finance it with a mortgage loan. 30-year mortgages are more conventional, but they also come with a significant interest price tag. People who have a stable career and the income to afford larger payments,...
by Racheli Refael | Jun 12, 2019 | Mortgage
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own...
