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VA Mortgages Will Get Cheaper In April, Just In Time For Homebuying Season Some mortgages backed by the U.S. Department of Veterans Affairs (VA) will cost a little less this spring, thanks to a reduction in one of the mandatory closing costs. Beginning on April 7, the VA funding fee—a required fee for nearly all…

After seven straight months of home price declines, here’s what 6 economists and real estate pros say to expect from the housing market this spring. Pros predict what will happen in the housing market this spring. The spring home buying season is upon us — and even ahead of it, we saw home sales rise.…

The 10 cheapest U.S. states to retire in—Florida barely makes the list While Florida is often considered a popular retirement destination due to its warm climate and lack of state income tax, it isn’t the absolute cheapest state to spend your golden years in. Rather, Alabama is the most affordable state to retire in, according to WalletHub’s “2023…

Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs KEY POINTS With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show. Americans’ overall satisfaction with their financial…

Best Small Towns For Retirement When looking for a city to retire in, you should consider all factors that could add to a high quality of life. Affordability can be essential for older adults on a fixed monthly income. Walkability, access to healthcare and recreational activity, and a low crime rate can all make a retirement city ideal.…

5 ways to get extra cash for the holidays It’s that time of year again. The time for holiday parties, gifts, festive decor and, well, spending. That’s right: According to the National Retail Federation, the typical American will spend over $800 this holiday season — on gifts, holiday items and other non-essential purchases. Don’t have that…

Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can…

Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years Total Number of Middle-Income Seniors Expected to Grow by 89 Percent by 2033 CHICAGO, August 31, 2022 – By 2033, more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living and…

Think you can’t buy a house if you are an older adult, or self-employed? It might be possible. ‘There is a misconception that older adults cannot obtain a mortgage.’ How I bought my first house in my 60s I wanted to buy a house of my own. After several years filled with changes in location,…

Reverse Mortgages Explained? A reverse mortgage can be a helpful type of home loan for retirees looking to tap into their home equity and cover their day-to-day costs during retirement. Q: My wife and I recently retired and are finally getting around to some much-needed home renovations. We don’t want to drain our retirement fund…