Posts Tagged ‘montgomery’
Reverse Mortgage Line of Credit.
Most retirees hear the words “reverse mortgage” and immediately think of a last resort — something people use only when they’ve run out of savings and options. But that perception misses one of the most powerful financial planning tools available to homeowners today: the Home Equity Conversion Mortgage (HECM) line of credit. Used strategically, a…
Read MoreHow interest rates work
How interest rates work If you have wondered why the Federal Reverse cuts the interest rates and the rates for you go up, I hope to explain. People get in touch with me saying it is now a better time. No September was. Lenders will primarily discount rates before the actual Fed cut. Other people…
Read MoreUS foreclosure filings
US foreclosure filings jump 22%, and repossessions hit highest level in 3 years. Luxury single-family homes in the top 20 US markets and with modest footprints between 2,500 and 3,500 square feet sold 18.6% faster between April and August 2022 than big homes between 4,500 and 5,000 square feet, according to a report by Coldwell…
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