Heritage Reverse Mortgage Blog
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The Number One Fear of Aging Americans
What is the Number One Fear of Aging Americans? The number one fear of aging Americans is outliving their money. This according to Robert Kiyosaki in his Best selling book “Rich Dad Poor Dad”. Kiyosaki explains that the current economic model is not designed to...
Why the Housing Market WILL NOT Crash in 2023- Part 4 Supply and Demand
The reasons why the Housing Market WILL NOT crash in 2023. The Real Estate Market today is fundamentally different from the market in 2008. These are the key differences that exist and why there will not be a housing crash in 2023. 2008 Supply and Demand: In 2008...
Why the Housing Market WILL NOT Crash in 2023 – Part 3 Recessions
The reasons why the Housing Market WILL NOT crash in 2023. These are the key factors playing into our market right now and the reasons we will not see a housing crash in 2023. Remember from the last two parts of this series that what’s hurting real estate right now is...
Why the Housing Market WILL NOT Crash in 2023- Part 2 Interest Rates
The reasons why the Housing Market WILL NOT crash in 2023. If you look at history you see that human behavior seems to follow all the same predictable patterns. If you want to know what tomorrow brings, you simply have to review the past. Our economy is complex and...
Why the Housing Market WILL NOT Crash in 2023- Part 1 Affordability
The reasons why the Housing Market WILL NOT crash in 2023. A lot of analysts are predicting the 2023 housing market bubble and crash. They predict the 2023 housing market will be similar to what we saw in 2008. I see what they’re saying and why they’re saying it...
The Correlation Between Inflation and Interest Rates
What happens to Interest Rates during a Recession? A lot of people don’t understand what happens to interest rates during a Recession. Fortunately, we have decades of Historical data to learn from so we can predict what the future brings. This year, 2022 has been the...
Beat the 2022 Recession with a Reverse Mortgage
Have we entered the 2022 Recession? Normally, a Recession is defined as “two consecutive quarters of declining GDP.” First and second quarters of 2022 were both negative so technically we should be in the 2022 recession but no politician is willing to admit that a...
Are Adjustable Interest Rates a Good Strategy?
https://youtu.be/NU_yvqACHWQ Are Adjustable Interest Rates a Good Strategy? There are pros and cons to having an adjustable-rate mortgage. For the right person, an Adjustable Rate is the best option and will save many thousands of dollars but for the wrong person, an...
Recession 2023 – The Great Toy Crash
https://www.youtube.com/watch?v=n_0pXG1x2Uw Recession 2023 Will there be a Recession 2023? Fortunately, YES. maybe you’re surprised that I think this is a good thing but keep reading and I think you’ll agree that Recession 2023 is going to be a good thing. I’ve...
Interest Rates are Rising, Last Call to Refinance
Inflation is taking off. What does that mean for Interest Rates? Inflation in the US is higher than it’s been since 1982. If you remember 1982 you probably remember your 18% Mortgage rate. So, if inflation is taking off now does that mean we’re heading for 18%...