Downsizing in retirement is not a new concept. However, the rise in popularity of tiny homes is adding a unique twist to the goal. In pursuit of simplicity and flexibility, and sometimes by necessity, a growing number of seniors are using small, often portable residences to be closer to family and enjoying the added freedom that they can provide.
Some time ago, my mom and dad became victims of stroke just a year apart from each other. Sadly, their first day in the hospital was the last day they ever saw home. The services they required were expensive. We could have explored a reverse mortgage to help pay for in-home care but I wasn’t open to learning about it. As a result, the house was sold and lost was their hope of ever returning home.
My failure to consider all available options makes me passionate about what I do. For 10 years now, I’ve taught hundreds of people about how reverse mortgages work. I listen to my customers and the stories behind their needs and goals. We take the time to explore how a reverse mortgage may help now as well as how it may impact them and their families in the future.
A reverse mortgage is a loan available to homeowners who are 62 years or older that enables them to convert part of the equity in their home into cash. If want to learn more about reverse mortgages, please call me at 753-9819.
My heart’s desire is to serve the Lord and be a blessing to others. Aloha.
What’s a home buyer to do when interest rates rise? It’s a question many are considering as the market recovers from the long period of historically low rates following the financial crisis of 2008. With rates rising, buyers worry about getting a bad deal, and what that could mean for long-term financial stability.
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