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Guiding Senior Loved Ones Through Mortgage Lending
As our senior parents or loved ones ages, financial planning becomes increasingly crucial. One aspect that demands careful consideration is mortgage lending options. Navigating these choices can be challenging, but with the right guidance and support, you can help your family members secure their financial future! The Significance of Mortgage Lending for Seniors For many…
Home Price Crash Coming- True or False?
According to Fannie Mae, 23% of Americans still think home prices will go drop low over the next year. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the past year. Since late 2022, the media has created…
How Washington Has an Advantage in Reverse Mortgage Lending!
Reverse mortgages have become a valuable financial tool for senior homeowners across the United States, however not all states offer the same advantages! Washington State in particular, stands out for several reasons, read on to see. The Benefits of Reverse Mortgages Reverse mortgages offer numerous benefits to senior homeowners: they can provide a steady stream…
Your Pathway to HomeStyle Mortgage Solutions
When it comes to navigating the complex landscape of HomeStyle mortgages, the Dorman Team emerges as a trusted ally, guiding individuals and families towards homeownership dreams. With our expertise, dedication, and personalized approach, we stand out as a beacon of support for those seeking innovative mortgage solutions. Read on to explore how we specialize in…
Home-Selling Fears? Here’s Your Pep Talk!
If you’ve been feeling like a deer in the headlights at the thought of selling your home–you’re not alone! Two common concerns have many homeowners on pause: dread of a higher mortgage rate, and the scarcity of homes to buy. Let us share some strategies to conquer these hesitations: Hesitation #1: Higher Mortage Rates Today’s…
People Want Less Expensive Homes -Builders Are Responding!
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past few years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly build homes making up…
Ways You Can Use Your Home Equity
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the pandemic, you’ve likely gained more than you think! According to the latest Equity Insights Report from…
Choosing the Right Reverse Mortgage for You!
Reverse mortgages can be a valuable financial tool for older homeowners looking to tap into their home’s equity. Understanding the different options available is essential to choosing the right reverse mortgage for your specific needs. Let’s go over five common types of reverse mortgages: tenure, term, line of credit, modified tenure and modified term. Tenure…
Sell or Stay?
Assessing senior homes or considering reverse mortgage options–should you sell or should you stay? As people age, it’s essential to assess whether their current home still suits their needs or if it might be time to consider alternative options. Aging in place can be a wonderful choice if the home is adaptable and meets the…
Common Myths & Misconceptions About Reverse Mortgages
Reverse mortgages have become a popular financial tool for seniors, but misconceptions around this loan type often prevent homeowners from fully exploring its benefits! We aim to dispel common myths and provide accurate information about reverse mortgages. Read on while we address prevalent misconceptions and shed light on the truth behind reverse mortgage lending. Myth…