Equity Talks

Folks with good credit are finding it harder to get a decent Home Equity Line or Refinance terms these days. The current market is very challenging for many who had previously relied on their investments for income or cannot sell real estate in this market. Below are some options: First Step: Explore Loan Workout: If you have an Adjustable Rate Mortgage that is resetting to a higher rate, you have missed mortgage payments, or you may simply be financially stressed by a change of circumstances, you may approach your mortgage holder to negotiate new new terms. Your lender may offer several options including but not limited to: reinstatement, forbearance or a new repayment plan to suit your situation. When you call your lender directly ask for a supervisor for best result! As a consumer, you have every right to negotiate with your lender for better terms. Making your case to lower your rate or extend your loan requires a very solid plan and documents to back up your ability to meet yo

Baby Boomers buck the trend and live longer! Our great grandparents often lived in the same house for a generation or more. As our families spread around the globe, caring for our parents in our homes as they age is less common. Boomers, the trend setters and the greatest mass of adults in America, are setting new trends in just how they age. Not only are boomers more educated, traveling more and enjoy more lifestyle choices, they are accustomed to having it 'their way'. Aging in Place: If you or someone you know was shortly born after World War II, then chances are you grew up in an exciting time of change including mini skirts and long hair . Baby boomers are accustomed to taking life in stride. Rather than accepting the traditional concept of retirement homes, many seniors (55 is hardly old!) are choosing to stay at home and enjoy the lives they have built, among friends and community, in the style to which they have become accustomed. Renovation Boom: Many seniors ch