House Hacking to Afford Homeownership

House Hacking to Afford Homeownership

More than half of buyers under the age of 40 are interested in the option of “house hacking” as a way to afford a home.  House hacking is purchasing a property that also provides rental income to help offset the costs of purchasing and maintaining a home. The basic...
7 Benefits of Owning a Home

7 Benefits of Owning a Home

Equity: As you pay off your mortgage, you build equity in your home. In addition, a typical home gains an average of approximately 6% in value every year. This equity can be used to finance other expenses or even as a down payment on a new home.  Owners over the age...
Record Homeowner Equity in the New Year

Record Homeowner Equity in the New Year

According to the Federal Reserve Economic Data (FRED) report, the homeowners’ equity in real estate for households in the United States topped $32.6 trillion in 2023. This is an increase of 1.3% or $425 billion from Q2 2023 and sets a new record for accumulated...
How Most Modern Reverse Mortgages are Used

How Most Modern Reverse Mortgages are Used

Over the past decade we have assisted numerous reverse mortgage borrowers and have seen a pattern of how the funds are being used.  If you’ve read prior blogs on this type of home loan, you already know that funds from a reverse mortgage can be accessed in many ways....