In its simplest form, a reverse mortgage is a way to tap into your home’s built-in wealth in the form of a loan. Reverse mortgages are offered to people over the age of 62 as a way to tap into home equity for cash.
All aboard! The cruise industry in booming with many new ships sailing this summer. Cruise lines are outdoing each other for the biggest and best ships.
With the median home price hitting $300,000 for the first time ever last week, choosing your location wisely has never been so important when buying a house. Fortunately, according to new data, there are still a few U.S. locales where home prices are affordable — or even dropping.
Properties taxes increased by 4 percent nationwide last year, but the upward trend wasn’t unilateral. In fact, according to new data, some cities saw property tax rates as low as 0.35 percent last year.
There are many reasons that a refinance can help you improve your financial picture. And real financial security comes from having a home with no mortgage. Here’s how to pay off a mortgage faster.
Once upon a time, people thought of seniors as tech-illiterate, but today’s research proves that’s not the case. One study shows that most baby boomers have smartphones, and you can bet that they know how to use them.
You probably never imagined taking financial advice from a computer program, but that’s exactly what a lot of people are doing these days. These programs are called robo advisors, and the best robo advisors have the potential to help you invest your money more effectively.
Tom was a 67 year-old retiree who at first enjoyed his new found freedom but Tom soon became bored. And he missed being around people. And a sense of purpose.
Refinancing works by giving a homeowner access to a new mortgage loan which replaces the existing one. The details of the new mortgage loan can be customized by the homeowner, include the new loan’s mortgage rate, loan length in years, and amount borrowed.
There are lots of different types of car insurance; some are more complete and comprehensive while others are more specialized or niche. Gap insurance is the latter type. Let’s go over what exactly gap insurance is and why you may need it in your insurance policy.
