Mortgage Blog

Leverage in Downsizing

As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement.  A popular decision that often yields a big payoff is the downsizing your home for retirement.  There comes a point where the large home may no longer make sense given all the unneeded space, rising real estate taxes, and general costs.  There are two effective ways to downsize a home.The first is the traditional binary approach.  This entails selling your current larger home and taking the net proceeds and plowing them into a smaller home that is ...

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January 6th, 2017 | Retirement Planning, Reverse Mortgage, HECM for Purchase, Seniors, Age in Place, downsizing, Leverage in Downsizing