What is a Reverse Mortgage
This is a loan that has existed since 1961. According the AAG, “The very first reverse mortgage is written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designs this unique type of loan to help the widowed wife of his high...
Economic Update: The Shut Down
With the government shutdown, very little data is coming out, which is helping rates stay down. As you read in December, the stock market volatility gave us lower rates by 0.375%, then another 0.125% at the end of the year. It just now is hitting the news though it...
Success Story: It’s All About What You Know
A “No,” turns into “Yes”, and another future millionaire is created. Here’s how… Many of you have heard my recommended plan for building a portfolio of properties. First 4 units, then 4 more or 2 more in a better area, then a vacation condo that can be rented, then a...
Economic News, January 6th 2019
Holiday Market Swings Explained Swings in the stock market over the holidays are normal as I warn every year. This year was no different. The holidays can either be quiet, or look like extreme turmoil in the financial markets, because of the few people that stick...