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Home Finance
Does a Reverse Mortgage Affect Your Social Security Income? Find Out Now.
The question of whether a reverse mortgage can affect Social Security income is a common concern among retirees.…
What is the dark side of reverse mortgages for seniors?
Reverse mortgages can be a tempting option for homeowners who are cash-strapped in their retirement years. However, it’s…
Why Would Someone Choose a Reverse Mortgage for Their Retirement?
A reverse mortgage is an option that some homeowners consider when they need extra income during their retirement…
When Should You Pay Off Your House? Find Out Here!
When it comes to paying off your mortgage, there isn’t a one-size-fits-all answer for what age is best.…
What credit score do homeowners use for mortgage loans?
When it comes to obtaining homeowners insurance, homeowners may wonder what credit score insurance companies use to determine…
Unpacking Reverse Mortgages: Who is Responsible for Repayment?
When it comes to reverse mortgages, there comes a time when the loan must be repaid. While the…
Why Would Someone Consider a Reverse Mortgage? Exploring the Pros and Cons
A reverse mortgage is an option for homeowners who are looking to increase their cash flow during retirement…
What are the 4 types of qualified mortgages and which one is right for you?
When it comes to obtaining a mortgage, it’s essential to understand the different types of qualified mortgages (QM)…
Is Taking a HELOC Riskier Than a Mortgage?
HELOCs and mortgages are both types of loans related to homeownership, but there are some key differences that…
How much income needed for a $200k mortgage?
To qualify for a mortgage of $200,000, the minimum down amount that is required is 3.5 percent. In…
What Percentage of Seniors Choose Reverse Mortgages for Retirement?
According to recent studies, less than 2 percent of seniors age 62 or older currently have a reverse…
Do you lose equity in a reverse mortgage? Understanding the facts.
Rest assured, you do not lose equity in a reverse mortgage. Reverse mortgage loans allow you to maintain…
What Happens to a Reverse Mortgage When the Person Passes Away?
When a borrower passes away, their heirs are often left with the responsibility of managing their estate and…
How Much House Can $120K Income Afford? Find Out Now!
If you make $120,000 a year, you can afford a house that costs up to $33,600 a year…
How Fast Can You Tap into Home Equity?
If you’re considering a home equity loan, you probably want to know how soon you can get your…
How many years of income for a mortgage? Here’s what you need to know
When applying for a mortgage, having two years of work experience is a common requirement. However, lenders take…
What Credit Score is Required for a Home Equity Loan?
When it comes to getting a home equity loan, your credit score is an incredibly important factor. While…
What You Must Know About the 1 Year Rule for Capital Gains
The 1 year rule for capital gains is an important tax rule that investors should be familiar with.…
What Are the 3 Types of Reverse Mortgages? A Guide for Homeowners
Reverse mortgages can be confusing, especially when you consider the variety of loan types out there. Here are…
How much equity is necessary for a reverse mortgage?
To answer the question simply, the amount of equity required to get a reverse mortgage varies depending on…
Can a Home Equity Loan Fund Your Dream Renovations?
Absolutely! A home equity loan allows you to borrow money against the value of your home, which means…
Do you know the consequences of not paying back a home equity loan?
Yes, a home equity loan must be paid back, usually through monthly payments. Here are some key points…
Unlock Your Tax Savings: Maximum Home Office Deduction Explained
The maximum home office deduction you can claim without having to keep track of all your expenses is…
Do Reverse Mortgages Impact Your Social Security?
No, reverse mortgages do not affect your Social Security benefits. Social Security is an entitlement program designed to…
Are Home Equity Cash-Outs Taxable? Find Out Now!
Yes, it’s true — you do not have to pay taxes on home equity cash-out! Cash-out refinancing is…