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.
Rather than downsize to another home in the same suburban sprawl, this new surge of empty nesters has chosen to scope out the city scene. With an array of gorgeous, low-maintenance properties, a high sense of community, and plenty of entertainment, shopping, and dining options, downtown might just be a mecca for anyone looking to experience San Antonio to its fullest potential!
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.