Independence from Mortgage Payments!

Did you know you can purchase a home, even new construction, with a Home Equity Conversion Mortgage? It’s a reverse mortgage that doesn’t require you to make a monthly payment.

I’ve had many conversations about this very issue with numerous senior clients who are concerned with having a mortgage in their 80’s and 90’s. Especially now, when the cost of living just seems to keep on rising for them.

In this time, most people are realizing the power of cash – accessible cash that is.  As we age, it is important to have access to the money we have earned over the years in order to help us manage our chosen lifestyle and our health in the retirement years. A forward mortgage, such as a conventional home loan, a VA or FHA loan requires you to spend every month by paying back principle and interest, which puts pressure on your bank balance. Whereas a reverse mortgage allows you to keep your money in your pocket to use how you wish, with an option to pay or not to pay a monthly amount toward principle or interest.

Beware, not all reverse mortgages are equal. Be sure to speak to a professional who is willing to sit with you at your kitchen table (or their office) to explain the details. Online services are unlikely to do that, and may lead you into signing documents without explaining everything you need to know.

Consider this information as a tool you can use for your financial wealth.

3 Ways to Buy a Home

Presented in partnership with Genie McGee a Reverse Mortgage Planner with Fairway Independent Mortgage Corporation.

If you need to know how much equity you have in your home, contact me for a complimentary real estate market analysis.

 

Real Estate Instructor Having Fun!

Hilary Walker

A whole bunch of fun is what we have when I get together with fellow agents to teach the 3-hour Continuing Education class called “Here Comes the Boom” and the 2-day Designation class, “Seniors Real Estate Specialist”. Both feed my passion for educating. The classes are always great learning for the participants as well as me – since teaching is always a two way street,  in my opinion!

As a Real Estate Instructor, I can share information and examples from my own vast experience. However, the experiences shared by participants are most valuable to help us all learn what our clients need from us, how we can best service our clients, or pick up tips and strategies to support our real estate businesses.

I’m available to instruct real estate agents and to facilitate seminars for older adult groups open to hearing about the challenges and solutions of downsizing, resizing and relocating. Call (678) 609-8019 to discuss how we might work together.

Class Video Pictures

Class Testimonials

“Best most informative class yet!” J Tow 

“Hilary was awesome & also her guests – would recommend the class to anyone” T Prieto

“ Awesome class – Awesome instructor!” C Banks 

“ One of the BEST classes I’ve ever taken!! I would love to work with seniors!” L Peterson 

“ I felt like a sponge that couldn’t soak up all the great information that I learned. Amazing class and amazing instructor!”

“Hilary Walker and other speakers are passionate and very knowledgeable. The class was very well worth it because of this”

“Instructor very passionate & committed!”

“SRES very interesting to me now. Hilary was great – Very knowledgeable” B Clifton

“Well put together. Great Instructor” 

“Excellent Presenters, Excellent Materials, Extremely Useful” 

“There was a lot more information than I was expecting. Great class” 

“Outstanding class. I cannot begin to tell you what I got out of this class. You definitely have challenged me”. J Lester 

“Extremely wonderful presenter. Guest speakers were incredible too!”  

“Great Instruction, Great Info, Enjoyed the class”  

“Well informed and animated instructor – included real life examples to illustrate objectives. Well worth the investment of time & $$!” 

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Will You Downsize or Rightsize?

Is it time to move to a larger or smaller space? Whether choosing to move now or later, you should start asking the right questions today.

Here’s how to tell if you should move to a larger space:

  • You need to make room for aging parents or relatives who cannot afford to age in place or an elder care facility
  • You must make room for returning children
  • Your home is overflowing with furniture and miscellaneous items that have no place to go
  • You are running out of storage space

How to tell if you should move to a smaller space:

  • You or your partner has health complications that are not suited for the current layout of your residence
  • The thought of caring for your yard, multiple bedrooms, or general upkeep seems stressful
  • Moving could save you money in retirement
  • Your home has lots of space that is never used

A few other factors to consider before deciding to rightsize:

  • You’ve decided to move closer to children or grandchildren to make new memories with family
  • As your wants and wishes change, your neighborhood may no longer provide what you need
  • Your home no longer appeals to you and you are not in the position to nor desire to remodel
  • Selling your home could yield exponential financial benefits

Rightsizing can be new, exciting, and in some cases frightening. Considering the tips on this list can give you a great head start. Your next best option is to contact a Seniors Real Estate Specialist who will help you work out a plan of action and time frame best suited to your needs.

For Full Article of questions and video to help you when it comes to relocating Click Here

Source: Lisa Haskell, Owner of Caring Transitions  Click here to contact them.