Reverse mortgages are desirable by retirees interested in downsizing their home. They provide a way to eliminate all monthly mortgage expenses, thus reducing retirement expenses.
Whether your reason for downsizing is to save money, or to move out of a home that is too large for your lifestyle, downsizing presents many benefits.
From fabulous walkability to a great cost of living, San Antonio is the best Texas spot for retirees to settle into the downtown scene.
Is your home getting hard to manage? Would you rather spend your time doing things you truly enjoy rather than keeping up with chores? When it comes to homes, bigger isn’t always better—and certainly if it doesn’t fit your circumstances. Here are some sure fire signs that it may be time for you to downsize:
Pre-approval:An assessment given by the lender that investigates the borrower
Mortgage:A contract that represents the debt owed by the borrower to the lender for the money borrowed to purchase a property.
listing:A formal written contract that allows an agent to represent a party in the selling, leasing, or buying of a property.
appreciation:The increase in value of an asset over time.