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Zip Codes that Hold the Most Home Equity

More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019. This is down just one half a percent from the previous quarter, ATTOM Data Solutions revealed in its latest Home Equity & Underwater Report. It’s also slightly less than the percentage of equity levels seen one […]

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The 55+ Housing Market is Booming

According to the latest from the National Association of Home Builders, builder confidence in the 55+ market reached 76 in the first quarter of 2019 – up six points from the previous quarter and the highest score since the index started more than a decade ago. Keep reading…

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FINRA’s Evolution on Reverse Mortgages

The Financial Industry Regulatory Authority (FINRA) describes its stance on reverse mortgages in a report titled, “Reverse Mortgages: Avoiding a Reversal of Fortune.” While that title has negative connotations, it doesn’t explain that the contents of the report have evolved over the past several years, even if its title may not have. Read more…

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HECM For Purchase Program

The HECM for Purchase program began in 2009 as a way to use a reverse mortgage to purchase a new home. The government saw enough people using a costlier and more complicated two-step process—obtaining a traditional mortgage to purchase the home and then using a reverse mortgage to pay off the first one—that it sought […]

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Protecting Seniors from Scammers

Seniors continue to be the main target for scammers. Linda Karimi of Better Business Bureau was on the show this morning to tell us more. Ryan Ponsford from America  Advisors Group, was here to talk more as well. Watch here…

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5 Actionable Tips on Building a Real Estate Personal Brand

I got into the mortgage business in 2008, possibly the worst year for the financial markets. I was armed with three people in my sphere of influence and $1,900 in capital. Five years later, I was named among the top 200 loan officers in the country. While most successes can’t be attributed to just one […]

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Home-Price Growth Expected in Year Ahead

Home prices have been appreciating rapidly since the housing market’s recovery, but they’ve stepped off the fast track in recent months, displaying a notable slowdown in appreciation. Learn more…

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Another Sign the Housing Market now Favors Homebuyers

As the housing market continues to slow, it’s becoming more evident that the nation’s homebuyers are benefiting from the cool down. In fact, according to a recent report from Redfin, the share of winning offers written by Redfin agents that included a sale contingency climbed to 7.1% in February. February not only marks a five-month […]

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Going Broke Remains a Top Concern in Retirement

Running out of money in retirement remains a primary concern for those planning their transition out of work, with other major concerns being maintaining their lifestyle and the rising costs of healthcare expenses. This is according to the American Institute of CPAs (AICPA) and its Personal Financial Planning Trends Survey. Check it out…

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Win Clients and Close Deals: Baby Boomers and the Silent Generation

Baby Boomers (age 53-71) are often in transition. Younger Boomers frequently move due to job relocation, while older Boomers are often preparing for retirement. Many Boomers have older children who are either leaving the nest or “boomeranging” back after college. And they are often at the point where their elderly parents need more attention and […]

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