Home Builders may be bucking the old adage to not change horses in the middle of a stream. With the ongoing uncertainty surrounding Millennials’ entry in home ownership, builders are once again courting good old Baby Boomers. The number of 55 and older homebuyers continues to increase. These are home buyers that have homeownership experience, stable income, assets and equity…
I, like just about everyone else, except maybe some in Atlanta and New Orleans who played on Monday Night Football, watched the first Presidential Debate of 2016. My analysis; it was interesting… Personally, I don’t think that either candidate moved the needle either way. Clinton supporters believe she did well, as did Trump’s. Both scored some points on certain issues…
Let’s get away from TRID for a moment. Recent revisions to the reverse mortgage program have made it a more viable option for more retirees, especially those working a little longer with a consistent monthly income (Reverse Options). For those 62 or older that own a home (and I’m one), it could provide additional wealth while reducing their housing expense.…
Recently, it was reported that many consumers still believe they need at least 20% down to buy a home. Although that may be true, a recent Freddie Mac survey finds that most renters do not have savings for this down payment as their top priority. In fact, it’s not one of their top 3 goals (Renters). The Freddie survey found…
