How the new reverse mortgage changes affect you

How the new reverse mortgage changes affect you

Reverse mortgages have long been the black sheep of the mortgage industry. Often playing a vital part in seniors’ ability to have peace of mind in retirement, they tend to be viewed with a lot of scepticism. However, the Federal Housing Administration is the powerhouse behind this government backed loan program and a reverse mortgage also known as a HECM (Home Equity Conversion Mortgage) could…

How will the new Fed rate hike affect your home refinance?

How will the new Fed rate hike affect your home refinance?

As a homeowner, talks of the Federal Reserve raising interest rates can cause uncertainty. If rates go too high it could impact one’s ability to pay their mortgage. The Federal Reserve’s increase in interest rates does not only affect mortgage rates, it also influences student loans, credit cards and car loans.  For those living on a limited budget, this could have a major impact. Homeowners…

Real estate industry uses drones to provide new vantage point for home buyers

Real estate industry uses drones to provide new vantage point for home buyers

Over the past few years, drone technology has vastly improved. Drones have made their way onto retailers’ shelves and into the homes of more than 459,000 registered users in the U.S., according to the Federal Aviation Administration. Drones can be used for a wide variety of purposes, just one of them being recreation. While they are fun to play with, a Skylogic Research report found…