You can supplement your income by obtaining a reverse mortgage loan if you have equity in your house and you’re 62 or older. Instead of paying your lender monthly payments, reverse mortgages permit the lender to pay you. As the homeowner, you retain the title of your home while receiving

Owning a home is a great investment because while you’re paying down the mortgage loan, it helps build equity. You don’t need to sell your home or have the mortgage paid off to gain access to this equity. Instead, you can convert the equity into cash and continue paying off

This past summer, many Michigan communities hit record highs in the housing market. Homes sat on the market for mere days, while a year ago, the same type of home typically sat for a month or more. While a housing shortage exists, partially due to less new construction and continued

Hoping to buy a home this summer? Despite inflation, securing the home of your dreams is very possible. Since experts predict this trend will continue throughout 2022, we’ve gathered a few tips and strategies to help soften the impact this may have on your home purchasing experience. Step 1: Do

Securing a home that you love and can afford might seem like a tough feat, given the rising inflation. However, the good news is that the median home sales price trend is more moderate compared to the housing market predictions forecasted in 2021. If you’re a first-time homebuyer, investor, or

Many changes are occurring in the market these days – so it’s best to prepare yourself by getting your ducks in a row in anticipation to house hunt. The first item on your list should be getting pre-approval for home financing. Realtors can’t afford to waste time showing you houses

Time is Running Out for Historic Low-Interest Rates Driven by inflation, economists forecast a steady rise in interest rates throughout 2022. Already the interest rates on popular home loans have surged above four percent. If you are in the market and ready to buy, now is the time before the