Poor plumbing conditions in your home can escalate to bigger problems such as flooding and accidents. On top of that, you'll most likely find your monthly water bills with exceeding charges.Avoid
Ever Think Of A Reverse Mortgage
Thinking of a Reverse Mortgage?
If you are looking at reverse mortgages, you know that they’re essentially just another form of loan, but with a few key differences. For one thing, you only pay back the loan once you sell or move from your home. As long as you are in the home, you are free and clear. Something else to consider is that you can use the money for anything that you want and it is based on how much your home is worth at its current market value. That said, are these things something you should stay away from?
Of course, you want to give this some serious thought because, like most senior citizens, you’ve probably come to the realization that your pension does not go as far as it once did. As such, you generally have two choices: you can either live off your savings, or get a part-time job. While a part-time job in the keep you in contact with people, there are those that really feel that they should be entitled to their retirement. As such, reverse mortgages are definitely a way that you can do this without having to worry about constantly needing a monthly payment.
One thing to consider here is you may not like any type of loan, or even credit cards. If this is the case, then reverse mortgages may not be for you. Ultimately, whether or not you decide to avail yourself of this type of financial tool, really depends on how you feel about loans in general. If you don’t feel comfortable with something like this, then you may just want to consider paying cash for everything. However, if you don’t mind having the extra cash available and not having to pay back right away, then you should look into this and take the opportunity to use this tool.
As a real estate agent since 2000, I enjoy helping others discover Central Texas and make a home here. Real estate in Austin offers many options to home buyers and I will make sure you explore every o....
Latest Blog Posts
By Anica OaksA home purchase is often the biggest investment a person will make in their life. When the time comes to sell your house, you want to get the best price possible. If you explore one
If you're selling your home, you're likely trying to make as much of a profit as possible. Unfortunately, most markets are crowded and it can be difficult to stand out. If you want to get a good