Using a Reverse Mortgage to Improve Your Home and Age in Place.
For many homeowners, the goal isn’t to move — it’s to stay.
I often speak with homeowners who love their neighborhood, their community, and their home, but realize that the house itself may need updates to support the next phase of life. Whether that means improving accessibility, upgrading systems, or making the home more comfortable and efficient, remodeling can play a key role in aging in place.
For homeowners 62 and older, a reverse mortgage can be a valuable option to help fund those improvements. [Read more…]
Recently, I spoke with a Seattle homeowner who is planning a major remodel. Like many homeowners, he initially reached out asking about a HELOC — which is often the first option people think of when they want to improve their home. They currently have a very low rate with their existing mortgage, which is one reason why they’re considering a home equity line of credit.
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance Options
If you have been finding the current lack of inventory a challenge, you may want to consider a renovation mortgage. 
If you have been thinking about buying a home this spring, you’re not alone. Experts predict there is quite a bit of pent-up demand following the recent sellers’ market and higher interest rates. Many homebuyers have been waiting patiently for a cooler market with lower interest rates…the key word here is MANY. It’s not anticipated that we will see a flood of new listings as homeowners who currently have extremely low mortgage interest rates seem to be less likely to want to sell and lose the rate. As people start to list their homes in the new year, and more buyers get off the fence, we could see housing prices push higher or at the very least, stay the same as the demand for homes is still strong. 
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