Heritage Reverse Mortgage Blog
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Interest Rate Update May 2025
April delivered a wild ride for mortgage interest rates, with sharp swings up and down that weredriven by economic and political headlines. The key drivers behind these rate swings included: Tariff Announcements: The ongoing Trade War and Tariffs have the markets on...
Interest Rate Update April 2025
Tariffs, Unemployment, Recession What are the factors driving the market and interest rates this month? As you read today’s article, keep in mind that a strong economy pushes interest rates up, and a weak economy pulls interest rates down. These are the factors that...
March 2025 Interest Rate Update: Economic Trends and Mortgage Implications
Interest rates have shown significant improvement, dropping by roughly 0.6% since their peak in mid-January. This decline offers hope for homeowners looking to refinance and prospective buyers entering the housing market. However, broader economic conditions remain...
January 2025 Interest Rate Update
Current Interest Rate Trend: Over the past six months Rates bottomed out in September and then rose after the election until they peaked in mid-January. Since the peak, they have improved roughly .25% as of February 1. Short-term Interest Rate Prediction: Momentum...
Reverse Mortgages for Long-Term Care: What Every Retiree Should Know
The Role of a Reverse Mortgage in Long-Term Care Planning Long-term care is an important consideration for retirees and their families. As the costs of healthcare and senior living continue to rise, finding a way to cover these expenses becomes critical for many older...
Adjustable Interest Rate
Do you hate your Adjustable Interest Rate? A Client called me this week, frustrated by his adjustable interest rate. We talked at length when he setup the loan about the pros and cons of doing his loan with an adjustable rate but neither of us thoughtinterest rates...
Should you be paying Property Taxes?
Have you ever heard of a Tax Abatement? Most counties in the United States offer what’s called aproperty tax abatement. For those that qualify this means they pay reduced property tax amounts andmany don’t pay anything at all. Who Qualifies? Every county is different...
What is a Home Warranty and should you have one?
I get multiple calls weekly from clients telling me they received a letter from their lender stating theymust get a home warranty immediately. These letters are deceptive advertising at it’s worst. Shadycompanies give the impression they represent the homeowner’s...
Protect your Family with a Trust
Both of my parents died suddenly in their sixties. Losing a parent is very painful and settling the estate only makes it worse. Are you Prepared? The best advice I can give you is, ESTABLISH A LIVING TRUST AS SOON AS POSSIBLE. Studies show roughly 75% of retired...
We Escaped from California
Is your Retirement what you dreamed it would be? Neither was Jim and Linda's. The California they grew up in and raised their children in is long gone. Crime, the cost of living and homelessness were making life miserable they had to get out. How did they do it? Jim...