Sarah and James, a retired couple in their early 70s, are sitting at their kitchen table, reviewing their finances. Their home is fully paid off, but they need extra funds to cover medical bills and home renovations. They’ve heard about home equity loans, HELOCs, and reverse mortgages—but they’re not sure which option makes the most […]
As homeowners in California, many of us rely on financial tools to help us manage our properties and secure our future. One of the most powerful options for older homeowners is a reverse mortgage. But what if you still have a mortgage balance on your home? Can you still qualify for a reverse mortgage in […]
Understanding Mortgage Refinancing and Home Equity Options in 2023 As we navigate through 2023, the landscape of mortgage refinancing has shifted significantly. Homeowners who once found refinancing a viable option to tap into their home equity are now facing a different reality. With current mortgage rates averaging around 6.75%, refinancing for a larger mortgage is […]
