When springtime arrives, temperatures rise and the real estate market heats up. Most of us know how to take advantage of the warmer weather, but home sellers hoping to make the most of the peak season may benefit from some proven advice. Focusing on a few key areas can go a long way toward making your home stand out in a crowded marketplace.
Welcome to OPEN MORTGAGE HUTCHINSON.
I encourage you to look around my website, check out my facebook page and weekly Realtor Open House Flyers, or browse photos of satisfied clients.
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Like any other government regulated programs, the reverse mortgage industry experiences regular updates as mandated by the Department of Housing and Urban Development (HUD). Our reverse mortgage specialists can answer your specific questions, but this broad overview of the recent changes to the Home Equity Conversion Mortgage program (HECM) will ensure you’re an educated borrower.
A reverse mortgage offers homeowners age 62 and older an affordable avenue to access their home equity. For some, this provides an opportunity to pursue a lifelong dream, while others may simply make it a part of their retirement strategy.
In any case, tapping into your home’s value also makes you contractually obligated to be a responsible homeowner.