I just watched one of your videos on YouTube. I have a few questions about the process of buying a home. My girlfriend and I are currently saving up and building our credit scores. We started this journey back in February and have been saving $2,000 a month. We have currently saved $16,000 and have...
Even though much of the District is in what we would consider a fairly normal market, with moderate price increases and a climate that favors neither buyers nor sellers, there are some pockets that remain hot sellers’ markets. Whether it’s the most sought-after neighborhood or a hard-to-find price point, the end result is often the...
(TNS)—Federal Housing Administration-backed home equity conversion mortgages, or HECMs, are accessible to homeowners 62 and older. These reverse mortgage loans allow older Americans to tap into a portion of their equity to help supplement retirement income. With a reverse mortgage loan, homeowners aren’t required to make monthly mortgage payments, but do need to continue paying for property taxes,...
Just about one-third of Americans say their financial life is worse than they thought it would be. That’s the primary conclusion of a new study by the National Endowment for Financial Education (NEFE) — that the cause of their financial stress is something as simple as ongoing transportation expenses, housing repairs or maintenance, or even...