Home Owners

Pros and Cons of Reverse Mortgages

Posted on

A reverse mortgage is when a home owner(s) who is at least 62 years or older convert their home equity into cash.  Basically, it is a loan for the home owner and the property is used as collateral.  The loan is not paid back unless the home owner moves out or passes away.  Reverse mortgages […]

Home Owners

When is a Good Time to Refinance Your Home

Posted on

Refinancing booms hit whenever mortgage rates drop significantly, falling below the trigger rate for many homeowners. This trigger rate is not the same for everyone — it’s the rate a homeowner decides is low enough to make refinancing worthwhile. There have been several refinance booms since the early 1990s.  Generally, if refinancing will save you […]

Housing Forecast

Outlook of the Housing Market for 2020: What to Expect?

Posted on

The housing market is forecast to stay strong in the 2020.  Low mortgages rates, which Redfin expects to hover around 3.8%, will likely invigorate the buyers’ market, leading to an increase in competition as the nation’s housing inventory continues to dwindle due to several factors including rising tenure length.  Overall, this means home buyers could have less home buying options, the […]