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 ...

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

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
703-319-2198
FAX: 703-773-6946
info@jeffersonmortgage.com
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 

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Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.