A home appraisal is an independent opinion of your home's value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most refinances, too.
What’s in a Color? Six Paint Colors That Will Affect Your Mood
Believe it or not, paint colors can affect your mood. When remodeling your home, the color you use on the walls can end up being just as critical to the thematic consistency of your home as the furniture you use to decorate it.
Green Living: Water Saving Tips For Spring
Water is the planet's most precious resource. Access to clean water is a privilege that, unfortunately, many people still take for granted.
Four Places To Look For Tax Deductions In Your Home
Paying your income taxes each year leave your wallet a bit thin? There may be money hiding in your home that lessens your tax burden. Here are four places to look:
Study Finds Home-Based Services Critical to Solving Aging Crisis
A growing population of Baby Boomers poses significant challenges to both the nation’s housing market and healthcare industry, however, a recent study suggests home- and community-based services can help quell any crises related to aging in place according to Jason Oliva with Reverse Mortgage Daily.
Population shifts among older adults is creating a “growing urgency” within the healthcare and housing fields, says a report from the National Housing Conference (NHC) titled Aging in Every Place: Supportive Service Programs for High and Low Density Communities. http://www.nhc.org/media/AgingInEveryPlace.pdf
A Kinder, Gentler Reverse Mortgage ~ WSJ Sunday March 22
“Tighter Regulations Should Make Them Safer” is what this Wall Street Journal article says on March 22. Your knowledgeable accountant, attorney, financial advisor and your certified reverse mortgage professional CRMP can help educate you on the facts and help you better understand if this is the correct option for your unique situation. The article goes on to state:
The rules for securing a reverse mortgage are getting tougher. And most financial advisers say that’s a good thing.
Retiring on the House; Reverse Mortgages for Baby Boomers
In a recent New York Times article, it was stated that as baby boomers age, reverse mortgages are expected to gain popularity as a means of covering living expenses. Hence, in the future, more homes passed on to children will come with a bill attached — the balance due on these equity loans.
Federally insured reverse mortgages, officially issued as part of the Home Equity Conversion Mortgage program, are a way for homeowners 62 and older to borrow money using their home equity as collateral. The proceeds must first be used to pay off any remaining balance on the mortgage, which frees homeowners from monthly payments. Interest and monthly insurance premiums are charged throughout the life of the loan, and the total becomes due when the borrower dies (or permanently moves out of the home).
Smart Ways To Create Equity Within Your Home
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.
Consider New Uses of Reverse Mortgages
For more than 20 years, reverse mortgages have been seen as a financial lifeline of last resort for seniors who are house-rich but cash-poor.
Now, bolstered by the research of some leading financial advisers and new rules from the Department of Housing and Urban Development, reverse-mortgage lenders hope to recast the product’s role.
Used properly, a reverse mortgage can also serve as a standby line of credit that can shield investment portfolios in down markets 
and improve chances that clients won’t outlive their money.
Can I Have A Co-Signer For My Mortgage Loan?
Like credit cards or car loans, some mortgages allow borrowers to have co-signers on the loan with them, enhancing their application.
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