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Issue 42.15 As our baby boomers continue through their retirement, the Department of Housing and Urban Development or HUD / FHA is projecting that 60% of our retirees over the next decade will need to tap into the equity of their homes as part of their overall retirement. Let’s try and put that in perspective! […] Issue 37.15 Wow! So, we start off September and fall of 2015 in a crazy stock market with most indexes dropping over 10% in a two week period. That is the strongest decline in the market in decades within that short amount of time. We also have a crazy oil market. We have concerns about […] Issue 27.15 I get these questions on a weekly basis. Am I too old to re-finance my mortgage? And, secondly how far below my current interest rate does the market have to drop before it makes sense for us to re-finance? First, we are never too old to re-finance from a qualifying standpoint! If your […] Issue 23.15 Part 2 4. Finally, we look at it, are we saving money for our retirement? For younger clients, it is vital that we are maximizing our IRA’s or 401K’s before looking at retiring our mortgage. Many clients again put every extra dollar towards their mortgage payment. There is a large argument for a […] Issue 22.15 Part 1 As we head into summer, kids are out of school and the days getting a little too warm to be outside enjoying beautiful southern Utah. But, summer does allow a little time to review finances. Here are some short simple ideas on where we can look to improve our year with […] Issue 18.15 Part 2 3. How about using the mortgage when your investments are down. If they drop in value and you are pulling from them or using the income and cashing in during a low market, you are doubling up the adverse, because you are not only pulling from your investments to make a […] Issue 17.15 Part 1 It is crazy to hear all of the misinformation that is out there today in the news. So many clients get “advice” from neighbor’s friends or advisors that tell them how “bad” a reverse mortgage is for them? They can’t tell the clients why it is bad – just that it […] Issue 12.15 What is a better option when financing a home as a Senior Today? Should I go Conventional or use a Reverse Mortgage? For the past four years we have funded more reverse loans than all other lenders in the county combined. We nearly finance a reverse loan every other day as we are […] Issue 7.15 Going into the New Year we are getting more than a break at the gas pump as we enter the lowest mortgage rates we have enjoyed in the past two years. People ask me every week, “How far do rates have to drop in order for it to make sense for us to […] Issue 2.15 You will hear on my weekly radio show discussions on stopping your mortgage payments for life if you are over 62. I want to throw a disclaimer out there first – in that nobody should stop making a payment if you are over 62 and be late on any payments and have your […] |
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